What is another word for auto loan?
Pronunciation: [ˈɔːtə͡ʊ lˈə͡ʊn] (IPA) 
Auto loan is a commonly used phrase to describe a loan taken out to finance the purchase of a vehicle. However, there are several synonyms that can be used to describe the same thing. These include car loan, vehicle loan, automobile financing, and car financing. All of these terms refer to the process of borrowing money from a lender in order to purchase a vehicle. Depending on the type of loan and the individual's credit history, the terms of repayment, interest rates and other factors will vary. Regardless of the terminology used, all of these synonyms refer to borrowing money to purchase a means of transportation.
