Generally speaking, buying a car with a loan has two advantages. The saved funds can be used in other places, such as investment, and the money invested may be more than the loan interest. You can accumulate credit and borrow money to buy a car. As long as you pay back on time, you can accumulate good personal credit, which will help you apply for loans and credit cards in the future.

The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to keep, not easy to wear and tear, and easy to sell.

Such as securities, bills, stocks, real estate, etc. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower.

1. From the nature of loans, unsecured loans belong to credit loans, and mortgage loans belong to guaranteed (or guaranteed) loans.

Second, in terms of loan interest rate, the interest rate of unsecured loans will be much higher than that of mortgage loans. The general interest rate will be 2-3 times that of the mortgage.

Third, in terms of loan life, the life of unsecured loans is relatively short, generally not more than three years. The term of mortgage loan can be long or short, one year or as long as 20 years. The repayment pressure is small.

4. Loan amount: The amount of unsecured loans is generally small, which is judged according to the lender's salary, running water and liabilities. So as to determine the loan amount.