6-60 Which of the following is traditionally the major type of consumer loans for finance companies?

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Motor vehicle loans and leases are traditionally the major type of consumer loans for finance companies. This is because finance companies often specialize in providing financing for purchases such as cars, trucks, and other vehicles. Revolving loans are more commonly associated with credit cards and banks, while wholesale loans and equipment leases are primarily used by businesses. Home equity loans are often provided by traditional banks rather than finance companies.

6-60 Which of the Following Is Traditionally the Major Type