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

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