A year ago, Tony purchased his first car. He was so excited and could not wait to drive it around and show all of his friends. Today, he still loves his car, but the excitement has worn off. Lately, he has been late on his payments, and he even missed one due to carelessness. What will most likely happen if Tony continues to make late payments? Check all that apply.

1 The bank might take his car.
2 The bank will charge late fees.
3 His credit history might be damaged.
4 He might be charged a down payment.
5 He might have to add an asset to the loan.