What does auto loan mean?
Definitions for auto loan
au·to loan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word auto loan.
Princeton's WordNet
automobile loan, auto loan, car loannoun
a personal loan to purchase an automobile
ChatGPT
auto loan
An auto loan is a type of loan provided by a financial institution, such as a bank or credit union, to a borrower for the specific purpose of purchasing a new or used vehicle. Repayment of the loan, which usually includes principal and interest, is made in fixed monthly installments over a predetermined period of time. The vehicle itself often serves as collateral for the loan, meaning it can be repossessed by the lender if the borrower fails to make payments.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of auto loan in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of auto loan in Pythagorean Numerology is: 9
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"auto loan." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/auto+loan>.
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