Car Loan (Noun)
Meaning
A personal loan to purchase an automobile.
Classification
Nouns denoting possession and transfer of possession.
Examples
- After comparing rates from multiple lenders, she finally applied for a car loan at a local bank.
- He used his good credit score to secure a car loan with a low interest rate.
- The car loan had a repayment term of 60 months, which fit within her budget.
- To buy her dream car, she applied for a car loan and was approved for the full amount.
- With the help of a co-signer, he was able to get a car loan despite having a poor credit history.