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When a car is used as collateral for a loan, it means Question 6 options: the borrower does not repay the loan until the car
When a car is used as collateral for a loan, it means
Question options:
the borrower does not repay the loan until the car is sold.
the bank is responsible for repairing a car when it is damaged.
the bank must provide insurance for the car's value.
if the loan is not repaid, the bank can sell the car to repay the loan.
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Your Financial Future How To Take Control Of Your Financial Future
Authors: Deloris Lutke
1st Edition
979-8388730831
