fill in the blank question\ncar loans are examples of \nloans.\nneed help? review these concept…
fill in the blank question\ncar loans are examples of \nloans.\nneed help? review these concept resources.\nread about the concept
Answer
Brief Explanations:
Car loans are secured by the vehicle itself, meaning the lender can repossess the car if the borrower fails to repay. This classifies them as secured loans, where the loan is backed by collateral.
Answer:
secured