Knowing the exact amount needed for the repayment of the vehicle is also difficult.
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Given this situation, it is expected that employees would use the cars for personal Read MoreĬalculating new car loan rates is most of the time difficult because there are many factors involved in it. Most of these companies also allow their employees to keep their cars even on holidays and outside the work hours.
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The use of Microsoft Excel can make the calculation easier. However, you can calculate the cost of a car loan by using Microsoft Excel. In addition to this, you might obtain an in accurate result due to unavoidable error.