Final answer:
To guarantee payment for goods or services from Auto Sales & Finance, a customer or borrower can pledge collateral. Collateral is something valuable that can be seized and sold by the lender if the loan isn't repaid. The correct answer is b. collateral.
Step-by-step explanation:
When a company like Auto Sales & Finance seeks to ensure payment for goods or services, the customer or borrower can provide a guarantee in several forms. In this context, the correct option for a customer to obtain goods or services is to pledge collateral.
Collateral is something valuable—often property or equipment—that a lender has the right to seize and sell if the loan is not repaid. This serves as a security measure for the lender, ensuring that they can recover the loan amount if the borrower defaults on their obligations.
Other methods to secure a loan could include obtaining a cosigner—another person or firm that legally pledges to repay some or all of the money on a loan if the original borrower does not. However, that is not the focus of this question. Therefore, the answer to the question is b. collateral.