Tebogo has an instalment credit agreement with First National bank (FNB) for his vehicle, which must be paid over 48 months. Which of the following is NOT an advantage for Tebogo in his agreement with FNB?

Question

Answer

Tebogo only fully owns the car once he has paid the last instalment.

Answer

Tebogo's deposit is part of the total selling price of the vehicle.

Answer

Tebogo has some time to
pay back the car loan in fixed instalments.

Answer

Tebogo has full possession of the car.

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Tebogo has an instalment credit agreement with First National bank (FNB) for h...

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