Most auto buyers use an auto loan to purchase a car. Financial institutions lend to car buyers, and use the auto as collateral for the loan: one car, one borrower, one loan, one payment. You can purchase multiple cars, however, with a single loan and have only one payment, just not with a traditional auto loan. You might even come out ahead, since (in the case of new cars) you avoided the dealer's finance department and its predatory interest rate markup.
Order a copy of your credit report from the three major bureaus: Experian, Equifax and Transunion. You can request a report online, by telephone or by mail. Review the reports and correct any inaccurate information by initiating a dispute with the bureau; disputes can be initiated online. Be prepared to explain any accurate, negative information.
Visit your bank or credit union, either online or in person, and apply for a personal loan for the amount you want to spend. Provide the financial institution with any required information, such as bank statements, pay stubs or tax returns. Deposit the funds in your checking account after the loan is approved and the funds are disbursed.
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Locate the two cars you want to purchase. Negotiate the sales price with the owner(s).
Pay the owner(s) with a check from your checking account.