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Discover LudwigThe phrase "auto financing" is correct and usable in written English.
It can be used when discussing the process of obtaining a loan or credit to purchase a vehicle.
Example: "Many dealerships offer competitive rates for auto financing to help customers afford their new cars."
Alternatives: "vehicle financing" or "car loans".
Exact(60)
GMAC began as the auto financing arm of General Motors.
Like anything else involving credit, auto financing will carry risks for the new players in China.
That translates into about $190 billion in auto financing each year.
Mr. Maddox built a fortune in auto financing, oil wells and real estate.
Wells Fargo said the charges included about $80 million in losses from its auto financing business.
BB & T, for example, recently announced it would return to its previous auto financing model.
The F.T.C. has held a series of public roundtables called "The Road Ahead," to gather information on auto financing practices.
Other homegrown players like Beijing Automotive Industry Holding and Guangzhou Automobile have also started looking into auto financing.
The trend would follow another fast-growing market, India, where auto financing has long been a convenient tool.
The pressure on the lender, which began as the auto financing arm of General Motors, is continuing to increase.
G.M.'s auto financing arm, the General Motors Acceptance Corporation, earned $397 million, up from $392 million a year earlier.
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