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 collateral loan from a bank
a collateral loan from a bank

a collateral loan from the car company
a collateral loan from the car company

a home equity loan
a home equity loan

revolving credit line

1 answer

At the end of the car model year, the source of financing that would probably offer the best terms for a new car is typically a collateral loan from the car company.

Car manufacturers often provide special financing deals, including lower interest rates or promotional offers, to clear out inventory of the previous model year, making it an attractive option for consumers.