At the end of the car model year, what source of financing for a new car would probably have the best terms?

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Understand the Problem

The question is asking which source of financing for a new car would offer the most favorable terms at the end of the car model year. It provides multiple options for different types of loans.

Answer

A collateral loan from a bank.

A collateral loan from a bank would probably have the best terms.

Answer for screen readers

A collateral loan from a bank would probably have the best terms.

More Information

Banks often offer competitive rates on collateral loans, especially at the end of the model year when dealerships aim to clear inventory.

Tips

It's common to overlook the time of year impact on financing deals from different sources.

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