auto loan
5
3.0
- noun
- /ˈɔːtoʊ loʊn/
- US
:
préstamo de automóvil
- He financed his new car with an auto loan that he plans to pay off within five years.
- subprime auto loans
This is particularly the case for subprime auto loans where buyers are paying high prices for low quality cars.
- This is particularly the case for subprime auto loans where buyers are paying high prices for low quality cars.
- And this is typically through credit card loans or auto loans or student loans or anytime you've had money loaned to you.
- They're being charged a billion dollars from some government agencies because they defrauded people they were loaning mortgages and car auto loans to.
Examples
-
Your stretch goal should be to pay off your auto loan in two years or less.
-
So how do you get rid of an expensive auto loan when you can no longer afford your car?
Blog text (18) -
There are many options that you can explore, and getting private party auto loans is one of those options.
Blog text (22) -
First, monthly payments can vary significantly from person to person depending on the auto loan rate granted.
Blog text (18) -
Instead, they should first pay off expensive debt (such as credit cards and auto loans) as quickly as possible.
Blog text (23) -
This is particularly the case for subprime auto loans where buyers are paying high prices for low quality cars.
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Auto loans to subprime borrowers have increased dramatically since 2008.
Academic text (2016) -
Auto lenders issued over $145 billion in subprime auto loans in the first quarter of 2014 compared with only about $120 billion in all of 2013.
Academic text (2016) -
Many people choose an auto loan to help finance their new vehicle purchase.
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To get the best deal, you should compare interest rates before taking out an auto loan.
Synonyms
10
2.1
Money you borrow to buy a car
1
2.9
A loan to buy a car that you pay back with interest over time
1
3.9
A loan you repay with regular equal payments over time
How Large
- Specialized
6
3.7
- US
5
3.0
- Specialized
7
2.6
4
3.3
711
1.0
Surface Forms
Morphology
Etymology
Auto loan comes from auto, short for 'car', and loan, meaning 'money you borrow'. Imagine a dealer lets you drive the car now while you pay the borrowed money back over time, and that's why auto loan means 'a loan to buy a car'.