Auto Loan Amortization Article

Thanks for visiting our auto loan amortization page. Here you will learn about what an auto loan amortization deal is all about.

Auto Loan Amortization Definition
1. The paying off of debt in regular installments over a period of time.

2. The deduction of capital expenses over a specific period of time. Similar to depreciation, it is a method of measuring the consumption of the value of long-term assets like equipment or buildings.

Investopedia Says: Think of amortization (the deduction of capital expenses) as a way to claim the decrease in value on your car every year. If you bought your car new for $20,000 and after the first year it is worth $17,000, theoretically you could amortize the $3,000 for tax and financial purposes.

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