Auto loan default result Crossword Clue

Greetings Crossword Hunters!
This time we bring you information about the crossword clue Auto loan default result that was published at L.A. Times Daily crossword puzzle page.

Understanding Today's Crossword Puzzle

Today's crossword clue is "Auto loan default result." The answer for this clue is "REPO." Let's break down why this answer fits the clue.

1. Auto loan: The clue indicates that we are looking for something related to an auto loan. This suggests that the answer will be a term or concept associated with car financing.
2. Default result: The word "default" indicates a failure to meet the financial obligations of the loan. In the context of an auto loan, defaulting means failing to make the required payments on time.
3. REPO: When a borrower defaults on their auto loan, the lender can take possession of the vehicle to recover the remaining debt. This process is known as repossession, and "REPO" is a commonly used term to refer to a repossessed vehicle.

Considering the clue's description of an auto loan default result, "REPO" perfectly matches the expected answer. It accurately captures the outcome when a borrower fails to make their car loan payments, leading to the repossession of the vehicle.

In conclusion, the answer "REPO" aligns perfectly with the clue's description of an auto loan default result. By understanding the association between auto loans, defaults, and repossession, crossword enthusiasts can quickly deduce the correct answer.

 The Crossword clue "Auto loan default result" published 3 time/s & has 1 answer/s. 

Crossword	Date	Answer
L.A. Times Daily	21 May 2018	REPO
The Washington Post	21 May 2018	REPO
Universal	29 July 2011	REPO