vehicle loan
Auto purchase debt
A vehicle loan is money borrowed to purchase a car, truck, motorcycle, or other vehicle, with the vehicle itself serving as collateral.
The lender holds the title until the loan is repaid.
She got a vehicle loan with a five-year term and 6% interest.
Also called an auto loan or car loan.
- car financingBorrowing to buy vehicles
- new car smellAroma of unused vehicles
- used carPreviously owned automobile
- monthly paymentRecurring scheduled remittance
- payment planArranged installment schedule
interest rate · dealership · credit score · down payment · collateral · repossession · refinance · APR · finance charge · lender · bank · lease · amortization · principal · borrower · cosigner · preapproval · credit union
- secured debtcollateral, lien, mortgage lien, tax lien, mechanic's lien
vehicle loanunsecured loan
Debt lacking pledged property
mortgage · home loan · personal loan · credit card debt · signature loan
vehicle loanvehicle lease
Contract for temporary car use
car lease · auto lease · leasing · car rental · vehicle rental
vehicle, loan, vehicles, vehicular, loans, loaned, loaning, loaner