automobile loan
- noun
- /ˈɔːtəməˌbiːl loʊn/
Examples
-
This is debt such as automobile loans.
Blog text (27) -
Perhaps an occasional automobile loan for when you are young and broke?
Blog text (29) -
An automobile loan helped her purchase a reliable car for commuting to work.
-
Before buying a new vehicle, he decided to shop around for the best automobile loan rates.
-
Many people take out an automobile loan to finance their dream car over a few years.
Synonyms
An amount of money borrowed from a bank that must be paid back with interest
Money you borrow to buy a car
Money you borrow to buy a car that you pay back with interest over a set time
How Much
- Specialized
Surface Forms
Morphology
The meaning is directly compositional: combining 'automobile' (a car) with 'loan' (an amount borrowed) yields 'a loan for purchasing an automobile.' This noun–noun construction expressing the purpose of the loan is a common, transparent pattern (found in many languages), so a B1 learner who knows both constituents can readily infer the meaning.
Etymology
Automobile loan comes from two simple words: automobile meaning 'car' and loan meaning 'money you borrow'. It paints the picture of a bank or lender giving you money so you can drive away in a new car, so it means 'money lent to buy a car'.