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  2. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Legally, an indirect “loan” is not technically a loan; when a car buyer obtains financing facilitated by a dealership, the buyer and dealer sign a Retail Installment Sales Contract rather than a loan agreement. The dealer then typically sells or assigns that contract to a bank, credit union, or other financial institution.

  3. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Categorizing loan agreements by type of facility usually results in two primary categories: term loans, which are repaid in set installments over the term, or; revolving loans (or overdrafts) where up to a maximum amount can be withdrawn at any time, and interest is paid from month to month on the drawn amount.

  4. Hire purchase - Wikipedia

    en.wikipedia.org/wiki/Hire_purchase

    Hire purchase. A hire purchase ( HP ), [ 1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as ...

  5. Can You Refinance a Car Loan? Learn How the Experts Do It - AOL

    www.aol.com/refinance-car-loan-learn-experts...

    An auto loan is a contractual agreement, where you're locked in for the duration of the loan period and agree to make a certain payment each month. However, it's possible to get out of an auto ...

  6. Should I Refinance My Car? 9 Times It Makes Sense - AOL

    www.aol.com/refinance-car-9-times-makes...

    When you finance a car, you sign a contract that determines your loan length, interest rate, payment amount and other critical details -- which might not be the best terms available to you. ...

  7. Vehicle leasing - Wikipedia

    en.wikipedia.org/wiki/Vehicle_leasing

    Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.

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