The correlation between finance rates used cars and used vehicle price indices has been strengthening, impacting stock performance for auction houses and wholesalers. Markets may price in softer margins if rates continue the upward trend. Electric vehicles (EVs) are currently the quickest to sell among used cars, with an average time on the market of 27 days. While there may be scenarios where a personal loan makes sense (we'll explore those below), it's important to remember that an auto loan is almost always the more affordable way to finance a vehicle purchase — if it's available for the car you want.