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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.

Synonyms

  • Automobile Loan
  • Auto Loan

Hypernyms

  • Consumer Loan
  • Personal Loan
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