<prompt> Human: I am trying to buy a new car to replace my current vehicle and would like to take this opportunity to build credit in the process. I applied for a car loan through my bank, but was denied the loan because I have no credit history. I have enough money to pay cash for the car, so the banker suggested I use this money to get a secured loan, which can eventually be refinanced. This process seems convoluted and it ties up a lot of money. My other option is to try to get financing through the car dealership which allows for staggered payment.Would I be more likely to get financing through the dealership or should I go with a secured loan? Are there any better alternatives?  <response>: You are a lot better of paying cash for the car and use the credit cards to build credit start with secured cards first, then after a while try to get an unsecured card. By getting an expensive car loan you will pay way too much interest. 