Select ALL the true statements on using second$-$hand vehicles as collateral for a loan.

The value of second$-$hand vehicles is not ascertainable.

If the second$-$hand vehicles' value is high enough, the collateral can be used as the main determinant of a credit decision.

The value of second$-$hand vehicles will be deteriorating but normally in a predictable manner.

Second$-$hand vehicles are usually marketable and ownership can be transferred to the lender.