Re:NY Fed rescues overnight lending market with $53B
by saalweachter on Tuesday September 17, 2019 @07:01PM
(#21000945)
You can in fact take out loans against your ownership of a vehicle, assuming you own it free and clear.
For assets whose ownership is more nebulous than an automobile you typically have to temporarily relinquish ownership of it to use it to secure a temporary loan, ie, pawn it.
For assets whose ownership is more nebulous than an automobile you typically have to temporarily relinquish ownership of it to use it to secure a temporary loan, ie, pawn it.