There are many factors an individual should consider when taking out used car finance. These will vary depending on where you choose to buy your used car. If buying from a showroom then there are factors you have to be aware of that are different to those when buying privately. If you are unaware of the options available and different types of finance then you will more than likely pay well over the odds for your car. If buying from a dealership then you will probably be offered finance there and then. While this might seem like the easiest way to borrow it can also be the most expensive. The dealership might offer you a new car loan and this is not the best option when buying a used car. Taking out specific used car finance can save money. Taking the loan from the dealership very often means that you will be paying a much higher rate of interest than you need to. If you are buying your used car privately then of course you will have to take care of finding your loan yourself.