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Is my car considered an asset If I still owe money on it 2024?
If
car asset
Questioner:Ethan Ramirez 2023-06-13 10:01:58
The most authoritative answer in 2024
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Harper Adams——Studied at University of Toronto, Lives in Toronto, Canada
Both.
If your
car has any value, it is an
asset.
If you owe money on the
car, the
money you owe is a liability.
When you subtract the
money you owe on the
car from the
car's value, that is the net worth of the
car.Jun 27, 2011
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