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An auto loan is a type of loan used to finance the purchase of a vehicle, such as a car, truck, or motorcycle. It is a form of instalment loan where you borrow a set amount of money from a lender, usually a bank or credit union, and then repay that loan over a fixed period of time with interest.
An auto loan is a type of loan used to finance the purchase of a vehicle, such as a car, truck, or motorcycle. It is a form of instalment loan where you borrow a set amount of money from a lender, usually a bank or credit union, and then repay that loan over a fixed period of time with interest.
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