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[DOC File]CHAPTER 21
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The distinction for the lessor between a direct financing lease and a sales-type lease is the presence or absence of a manufacturer’s or dealer’s profit or loss. *10. If the lease transaction satisfies the necessary criteria to be classified as a direct-financing lease, the lessor records a …
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[DOC File]ADESA, Inc
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If there is a valid lien or floorplan on the vehicle due to financing of all or part of the Dealer's original auction purchase, the Dealer is responsible for satisfying the obligation to the lien-holder and for providing clear title to Dealer Direct. This agreement shall not be assignable by the Dealer. REPURCHASE PROCEDURES . 1.
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[DOC File]Running Head: WEEK 5 ASSIGNMENTS FROM THE READINGS
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May 25, 2010 · In a direct financing. lease, no sales or expense is recognized. Instead, the asset is removed from the. books and the difference between its carrying value and the undiscounted minimum. lease payments is recorded as unearned interest revenue. The net investment in a. sales type lease is accounted for in a similar manner to that for a direct ...
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[DOC File]Dear Maine Consumers,
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In order to make a well-researched decision, consumers should comparison shop for APRs with direct lenders (banks, finance companies, credit unions) before visiting a dealership, and continue their “credit shopping” at the dealership with the lowest APR quote from an indirect lender (Ford Motor Credit, GMAC, etc.) serving that dealer.
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[DOCX File]Name:
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How are direct lending and dealer financing similar? Which seems like the better option? 3. How to Get the Best Auto Loan. Watch the video provided and then fill in the blanks at the right. The larger your down payment amount, the _____ your monthly payments. The …
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[DOC File]godgiften.weebly.com
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The primary difference between a direct-financing lease and a sales-type lease is the manufacturer’s or dealer’s gross profit. 18. The gross profit amount in a sales-type lease is greater when a guaranteed residual value exists.
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[DOC File]1
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Oct 10, 2010 · A direct financing lease differs from a sales-type lease in that (Points: 2) the direct financing lease does not have a dealer profit, although it may have a dealer loss the direct financing lease provisions cannot include a bargain purchase option the sales-type lease does not have unearned interest income at the inception of the lease the ...
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Dealer direct financing