Are Auto Loans Secured Or Unsecured
Secured.
This means that if you fail to pay, the loan is secured by your car.
They can take your car away.
Also secured is a home loan (mortgage)
Are Auto Loans Secured Or Unsecured
An example of unsecured is a credit card.
Where if you fail to pay, they have nothing to take back as collateral.
Their only recourse is to sue you
Are Auto Loans Secured Or Unsecured
