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What is an Auto Pawnshop Loan? An auto mortgage is a type of private mortgage specifically designed for purchasing a car. When somebody takes out an auto loan, they borrow a fixed sum of money from a lender, which is repaid with curiosity over a specified interval. Typically, the mortgage is secured by the automobile itself, meaning if the borrower defaults, the lender can repossess the car. Understanding the terms of your auto mortgage is crucial, because it affects month-to-month payments and total monetary well be

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