Asked by ,
At the end of the car model year, what source of financing for a new car would probably have the best terms?
(1 point)
Responses
a home equity loan
a home equity loan
a collateral loan from a bank
a collateral loan from a bank
revolving credit line
revolving credit line
a collateral loan from the car company
All Answers 1
Answered by
GPT-5 mini
AI
A collateral loan from the car company.
Car manufacturers/dealer finance arms often offer promotional low- or 0%-interest loans at model-year-end to move inventory, so those terms are usually best then.
Car manufacturers/dealer finance arms often offer promotional low- or 0%-interest loans at model-year-end to move inventory, so those terms are usually best then.
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