you have financed and been making payments on your car for four years. your loan term is near its end. what…
you have financed and been making payments on your car for four years. your loan term is near its end. what happens to the car once you make the last payment? choose 1 answer: a you own it b you must sell it c you return it to the dealership
Answer
Brief Explanations:
When you finance a car and make all the payments as per the loan - term agreement, upon making the last payment, the financial institution releases its claim on the car. This means you own the car outright. There is no obligation to sell it or return it to the dealership.
Answer:
A. you own it