Vehicles is one common type of secured loan that allows people borrow loan to purchase vehicles and use the car itself as collateral.

Note: In secured loan, lender can take away the asset that you put as collateral and sell it to cover what is owed.

Reference: https://money.usnews.com/loans/personal-loans/articles/what-is-a-secured-personal-loan#:~:text=He%20adds%20that%20the%20typical%20eligibility%20requirements%20for,or%20a%20certain%20amount%20of%20collateral%2C%22%20he%20says.