At the end of the car model year, what source of financing for a new car would probably have the best terms?

Question

At the end of the car model year, what source of financing for a new car would probably have the best terms?
a) a collateral loan from a bank
b) a collateral loan from the car company
c) a home equity loan
d) revolving credit line

GPT-4o mini · Answer

At the end of the car model year, the source of financing for a new car that would probably have the best terms is:

b) a collateral loan from the car company.

Car manufacturers often offer promotional financing deals, including low-interest or even 0% financing to encourage sales at the end of the model year. These deals can be more favorable than traditional bank loans or home equity loans, making them a popular choice for buyers.