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Auto Loans

Auto loans are loans that are used to finance the purchase of a vehicle. Auto loans are typically offered by banks, credit unions, and other financial institutions, and they can be either secured or unsecured. Continue Reading Below

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Industry Studies

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2026 Auto Loan Industry Study

Andrew Latham

Encyclopedia Articles

Discover the definition of financial terms related to auto loans.

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Learn About Auto Loans

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Auto Loan Delinquencies Just Hit a Record. Here's How to Make Sure You're Not Next

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Thumbnail for Blog Article: Average Auto Loan Rates by Credit Score: What Borrowers Really Pay

Average Auto Loan Rates by Credit Score: What Borrowers Really Pay

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Thumbnail for Blog Article: The Real Cost of Owning a Car in 2026 (and the One Lever That Saves You Thousands)

The Real Cost of Owning a Car in 2026 (and the One Lever That Saves You Thousands)

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Thumbnail for Blog Article: How Much Down Payment Do You Really Need for a Car?

How Much Down Payment Do You Really Need for a Car?

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Thumbnail for Blog Article: Can You Buy a Car With a Credit Card?

Can You Buy a Car With a Credit Card?

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Thumbnail for Blog Article: What Is GAP Insurance on a Car Loan? How It Works & When You Need It

What Is GAP Insurance on a Car Loan? How It Works & When You Need It

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About Auto Loans

Auto loans are loans that are used to finance the purchase of a vehicle. Auto loans are typically offered by banks, credit unions, and other financial institutions, and they can be either secured or unsecured. Secured auto loans are backed by the vehicle itself as collateral, while unsecured auto loans are not backed by collateral.
Auto loans are typically repaid in monthly installments over a fixed term, and the interest rate and other terms of the loan are determined by the lender.
Auto loans can be a convenient and affordable way to finance the purchase of a vehicle, but it is important to carefully consider the terms of the loan and to shop around for the best rates and terms. Auto loans are subject to regulation in many jurisdictions.