The main difference between sales finance and consumer finance is: The length of time until the loan has to be repaid The size of the purchase involved One deals with equipment leasing and the other does not The type of borrower

The main difference between sales finance and consumer finance is: The length of time until the loan has to be repaid The size of the purchase involved One deals with equipment leasing and the other does not The type of borrower

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter7: Using Consumer Loans

Section: Chapter Questions

Problem 6LO

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Question

The main difference between sales finance and consumer finance is:
The length of time until the loan has to be repaid
The size of the purchase involved
One deals with equipment leasing and the other does not
The type of borrower

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