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No, the term of the plan can be separate from the terms of payment. Auto insurance is usually a 6-month plan you pay monthly. Some are easier to cancel/change
by howeyc 5y ago
No, the term of the plan can be separate from the terms of payment.
Auto insurance is usually a 6-month plan you pay monthly. Some are easier to cancel/change mid-term than others.
Mortgage is an X-year plan you pay monthly.
Auto loan is an X-year plan you pay monthly.
This is fairly standard stuff.