Question

leasing a car is a method of financing where someone never pays any interest or fees is paying off two or more vehicles at one time makes monthly payments on but does not own the vehicle does not have to pay any taxes on the vehicle for the first six months 10. there are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card. true false 11. which of the following is part of the formula that determines a persons fico score? the percent of income that they invest into mutual funds their income level during a one - year period the dollar amount in their savings funds their history of payments made to lenders 12. __________ require the borrower to put up collateral for the loan. unsecured loans interest rates revolving credit secured loans

Explanation:

based on factors like payment history to lenders, not income invested in mutual funds, income level in a year, or savings amount.

1. Secured loans require borrowers to put up collateral for the loan.

Answer:

1. Makes monthly payments on but does not own the vehicle
2. False
3. Their history of payments made to lenders
4. Secured loans