What does automobile loan mean?
Definitions for automobile loan
au·to·mo·bile loan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word automobile loan.
Princeton's WordNet
automobile loan, auto loan, car loannoun
a personal loan to purchase an automobile
ChatGPT
automobile loan
An automobile loan is a type of personal loan provided by financial institutions such as banks and credit unions to individuals for the purpose of purchasing a new or used car. The loan is typically secured by the car itself which means if the borrower defaults on the repayment, the lender can repossess and sell the car to recover the loan money. The terms of the loan including interest rate and repayment period are predetermined and agreed upon by both the lender and the borrower.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of automobile loan in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of automobile loan in Pythagorean Numerology is: 2
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"automobile loan." Definitions.net. STANDS4 LLC, 2024. Web. 12 Oct. 2024. <https://www.definitions.net/definition/automobile+loan>.
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