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    Banks Are Now Letting Rich People Use Their Insane Car Collections As Collateral To Get Even Richer

    1 month ago

    One of the many ways wealthy people retain and grow their wealth is through the art of secured loans. Also known as collateral- or securities-based financing, it allows someone to put up some sort of asset—real estate, stocks, bonds, etc.—as collateral to secure a favorable loan from a bank. There are three main benefits of […] The post Banks Are Now Letting Rich People Use Their Insane Car Collections As Collateral To Get Even Richer appeared first on The Autopian.
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