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Quarterly Journal of Econometrics Research

June 2016, Volume 2, 1, pp 1-16

Acquisition of Personal Assets Through Loan Bank and Commercial Credit: What’s the Best Option?

Garcia-Santillan, Arturo

,

Ortigosa-Ortiz, Alexa Andrea

,

Hernandez-Perez, Sandra Luz

,

Mora-Montalvo, Noelia

,

Ramos-Hernandez, Jesica Josefina

Garcia-Santillan, Arturo 1 ,

Ortigosa-Ortiz, Alexa Andrea 1 Hernandez-Perez, Sandra Luz 1 Mora-Montalvo, Noelia 1 Ramos-Hernandez, Jesica Josefina 1 
  1. UCC Business School Universidad Cristobal Colon. Veracruz, Mexico 1

Pages: 1-16

DOI: 10.18488/journal.88/2016.2.1/88.1.1.16

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Abstract:

The aim of this paper is to determine the most viable and beneficial scenario for acquire an asset, specifically a car. For this purpose, the amortizations model was used, which is why the corresponding financial simulation in the amortization charts on both scenarios are presented. The results lead us to think that the financing option offered by the car company is the most suitable and beneficial for the client.

Contribution/ Originality
This study contributes in the existing literature about the amortization methods. Its contribution is to demonstrate the most viable option for acquire a car, within Mexican context.

Keywords:

Asset, Banks, Amortization method, Financing, Due payment, Annuity, Car agency.

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Reference:

  1. Ayres, F.J., 1988. Matemáticas financieras financial maths. México: McGraw-Hill.
  2. Biehler, T.J., 2008. The mathematics of money. New York: McGraw-Hill/Irwin.
  3. Blecksmith, R., 2009. Math 210 finite mathematics. Available from http://www.math.niu.edu/~richard/Math210/int2_ho.pdf.
  4. García-Santillán, Moreno-García, Ortiz-Rivera, Lanza-Vilorio and Lira-Martínez, 2016. Acquisition of personal assets through a set of installments due versus deferred installments: What is the best option? Bulletin of Mathematics and Statistics Research, 4(1): 124-131
  5. García-Santillán, A., 2014. Matemáticas financieras para la toma de decisión financial math for making decision. Electronic versión at Universidad de Málaga Registered at National Library of Spain Nº  2014/60144.
  6. George Brown College, 2014. Formula sheet for financial mathematics. Available from https://www.georgebrown.ca/uploadedFiles/TLC/_documents/pdf.
  7. Moreno-García, García-Santillán, Abascal-Sánchez, González-Zarco and Galindo-Martínez, 2015. A comparative financial modeling to evaluate a real state property with mortgage loan versus investment funds. Bulletin of Mathematics and Statistics Research, 3(4): 10-19
  8. Sierra, B. and T. Froufe, 2006. Publicidad y conducta del consumidor advertising and behavioral consumer. Available from http://www.mercasa.es/files/multimedios/1309247397_DYC_2000_51_109_117.pdf.
  9. Villalobos, J.L., 2007. Matemáticas financieras financial math. México: Pearson Pretince Hall.

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Competing Interests:

Acknowledgement:


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