Question: Select ALL the true statements on using second - hand vehicles as collateral for a loan. The value of second - hand vehicles is not

Select ALL the true statements on using second-hand vehicles as collateral for a loan.
The value of second-hand vehicles is not ascertainable.
If the second-hand vehicles' value is high enough, the collateral can be used as the main determinant of a credit decision.
The value of second-hand vehicles will be deteriorating but normally in a predictable manner.
Second-hand vehicles are usually marketable and ownership can be transferred to the lender.

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