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nitanikollaj nitanikollaj
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7 months ago
Car loans typically have short maturities from two to seven years because

▸ the economic value of the collateral for the loan declines quickly.

▸ the insurable value diminishes at that point.

▸ the comparative value to leases is the most competitive within that period.

▸ it matches the allowable IRS limits on deductible amortization.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
Author:
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latoya86latoya86
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7 months ago
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nitanikollaj Author
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7 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Thanks
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2 hours ago
this is exactly what I needed
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