_________ of the vehicle is the likely consequence of failure to make the required loan payments.
A. Theft
B. Repossession
C. Destruction
D. Loss of warranty
Repossession
I put D when I had that question Ms, Sue
The likely consequence of failure to make the required loan payments is B. Repossession of the vehicle.
When you finance the purchase of a vehicle through a loan, the vehicle serves as collateral for the loan. This means that if you fail to make the required loan payments, the lender has the right to take possession of the vehicle to recuperate their losses.
To arrive at this answer, you need an understanding of how vehicle financing works and the consequences of defaulting on loan payments. This knowledge can be obtained through various sources, such as reading about car financing, consulting financial experts or loan officers, or even experiencing this situation firsthand.