Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Which of these provides a bank with collateral on a car loan?
A. The car itself
B. The buyer's home
OC. A savings account
D. The driver's credit history

Sagot :

GinnyAnswer

Final answer:

Collateral on a car loan involves using the car itself as security to protect the bank's interests.


Explanation:

Collateral on a car loan typically involves the car itself being used as security for the loan. If the borrower defaults on the loan, the bank can seize and sell the car to recover the money owed. This provides the bank with assurance that there is asset value tied to the loan.


Learn more about Collateral on a car loan here:

https://brainly.com/question/27150491


Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.