auto loan
Borrowed car money
An auto loan is money borrowed to purchase a vehicle, with the vehicle itself serving as collateral.
The lender holds the title until the loan is repaid.
Auto loans typically run three to seven years with fixed monthly payments: She got a good rate on her auto loan.
Also called a car loan.
One who takes temporarily
- lenderOne who loans money
- interestAttention, stake, or fee
- APRYearly borrowing cost
- principalChief school administrator
monthly payment · installment · amortization · underwriting · approval · preapproval · creditworthiness · credit score
Wheeled motor vehicle
- sedanEnclosed passenger car
- SUVRugged passenger vehicle
- truckHeavy freight vehicle
- minivanMultipurpose family vehicle
coupe · hatchback · crossover · pickup · convertible · electric vehicle · hybrid · certified pre-owned
Initial payment toward purchase
- affordabilityState of being purchasable
- budgetPlan for spending
- MSRPSuggested retail abbreviation
- invoice priceSeller's acquisition cost
negotiation · trade-in value · rebate · incentive · dealer markup · extended warranty · fees · taxes
Licensed retail seller
- financingProviding capital for purchases
- leaseTemporary use contract
- buyObtain through payment
- saleExchange for payment
transaction · offer · quote · terms · shopping · comparison · application · contract
borrower
One who takes temporarily
principal · monthly payment · installment · amortization · underwriting · approval · preapproval · creditworthiness · credit score · credit report
car
Wheeled motor vehicle
minivan · coupe · hatchback · crossover · pickup · convertible · electric vehicle · hybrid · certified pre-owned · new car
downpayment
Initial payment toward purchase
- affordabilityState of being purchasable
- budgetPlan for spending
- MSRPSuggested retail abbreviation
invoice price · negotiation · trade-in value · rebate · incentive · dealer markup · extended warranty · fees · taxes · total cost
dealership
Licensed retail seller
sale · transaction · offer · quote · terms · shopping · comparison · application · contract · paperwork
- auto loansmonthly payment, down payment, interest rate, APR, refinance
- banking documentsmortgage, promissory note, fee schedule, disclosure, payment terms
- debt typescredit card debt, revolving credit, line of credit, credit line, promissory note
- financial agreementscredit agreement, promissory note, line of credit, credit line, HELOC
- bankingbank, banks, ATM, ATMs, account
- loanslend, borrow, borrower, lender, microloan
auto loanauto lease
Temporary vehicle contract
car lease · vehicle lease · leasing · rental car · car rental
auto loanmortgage
Secured home loan
home loan · student loan · credit card debt · personal loan · unsecured loan
loan, auto, automobile, loaned, loans, autonomous, loaning, automaton, autopilot