a loan which you use your car as collateral
a particular type of loan used for the specific purpose of purchasing a new or used vehicle
a simple interest loan, this means that any amount paid over the minimum amount due goes straight to principle
a type of loan which is designed specifically to finance your dream wheels
car loan, or auto loan, is a loan used to purchase a new or used car. The car itself is used to secure the loan. New car loans typically range from 3 to 7 years in length, while used car loans are usually shorter. The interest rate for auto loans depends on the length of the car loan, and the credit rating of the buyer.