What Provides Collateral to Secure a Car Loan?

What Provides Collateral to Secure a Car Loan?

What Do You Mean By Collateral? The term “collateral” is used to describe any asset or property that is offered as security for a loan. The lender uses this collateral to protect itself from loss if the borrower defaults. Most car loans are secured by collateral. While this is a common practice, not all auto … Read more