Sign In
Ask Question
Mathematics
Patricia Reynolds
9 September, 10:14
What is a car loan?
+2
Answers (
2
)
Parker Mosley
9 September, 11:18
0
A car loan is a type of secured loan, where we can say that the car we buy is collateral for the loan.
In case of failure of payment of loan, the lender can repossess the car and sell it to pay off the loan.
In other words, we can say the lender or banks purchase the car for us and gives us few years time to pay back that loan.
The loan is granted with interest rates, that one has to pay above the principle amount during the tenure of the loan.
Comment
Complaint
Link
Josue Robertson
9 September, 11:39
0
A loan that you usually have to get from a bank to use specifically for paying for a car, which you later have to pay back
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“What is a car loan? ...”
in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is 28,000 have in common with 27,000
Answers (2)
Alice had 10/12 yard of fabric. She used 8/12 for a pillow. How much fabric did she have left? Explain how you found your answer.
Answers (1)
Write a number between 80 and 100 that has exactly 4 factors, one of which is 5
Answers (1)
In ABC, BC = a = 16, AC = b = 10, and m = 22°. Which equation can you use to find the value of c = AB?
Answers (1)
Slope and your-intercept of y+2x=4
Answers (1)
New Questions in Mathematics
A number is divisible by 2 if the number is even
Answers (1)
The soccer team is making pizzas for a fundraiser. They put1/4 of a pound of cheese on each pizza. If they have 12 one-pound packages of cheese, how many pizzas can they make?
Answers (1)
A reciple calls for 6 cup of water and 4 cups of flour if the reciple is increased to use 6 cups of flour how much water shoud be used
Answers (1)
A survey was given to 50 people to determine if they prefer white or brown rice at a local Chinese restaurant. Given the following reasons, determine which fulfills one of the requirements for a binomial distribution. a.
Answers (1)
How many copies of the newspaper were sold on Thursday, September 11th?
Answers (1)
Home
»
Mathematics
» What is a car loan?
Sign In
Sign Up
Forgot Password?