Question

most automobile financing is provided by​

Answer 1

Answer:

The provision of car finance, usually by a bank or some kind of financial institution, allows consumers to pay the dealer or manufacturer, even though they not have the money, i.e. car finance allows the consumer to buy a car by borrowing the money so that the seller can be paid.

Explanation:

Answer 2

QUESTION:-

Most automobile financing is provided by

• (a) Commercial banks
• (b) Thrifts
• (C) Finance companies owned by automobile companies
• (d) Finance companies owned by real estate brokers

ANSWER:-

• Most automobile financing is provided by finance companies owned by automobile companies.

• (C) Finance companies owned by automobile companies is the correct option.

EXPLANATION:-

• Auto financing is also known as car finance, car financing or auto finance which pertains to the range of financial products which are available that enable people to attain a car with any agreement other than a full-cash single lump payment or outright payment.

• The provision of car finance, mostly by a bank or some kind of financial institution or finance companies owned by automobile companies for their profit, enables consumers to pay the dealer or manufacturer, even though they have no sufficient money to get a car, which means that car finance allows the consumer to buy a car by borrowing the money so that the dealer can be given money.

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