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2. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   This makes installment loans a good option for large expenses like paying for school, buying a car or even purchasing a house. 5 most common types of installment loans

3. What is an installment loan & how does it work? Know ... - AOL

   www.aol.com/finance/installment-loan-types...

   An installment loan is a debt that gives you funds all at once that are paid off in monthly amounts, called installments, over a set time period. ... consolidate high-interest debt or buy a car or ...

4. Should I use a home equity loan to buy a car? - AOL

   www.aol.com/finance/home-equity-loan-buy-car...

   Generally, you shouldn't use a home equity loan or HELOC to buy a car. Although they may offer longer terms and lower monthly payments, home equity loans currently carry higher interest rates than ...

5. Personal contract purchase - Wikipedia

   en.wikipedia.org/wiki/Personal_contract_purchase

   Unlike a traditional hire purchase, where the customer repays the total debt in equal monthly instalments over the term of the agreement, a PCP is structured so that the customer pays a lower monthly amount over the contract period (usually somewhere between 24 and 48 months), leaving a final balloon payment to be made at the end of the ...

6. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   The most common method of buying a car in the United States is borrowing the money and then paying it off in installments. Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). [2] Roughly 30% of new vehicles during the same time period were leased. [2] There are two primary methods of ...

7. Installment loan - Wikipedia

   en.wikipedia.org/wiki/Installment_loan

   Lending has been practiced for many thousands of years and has manifested a variety of forms throughout that time. Primitive loan contracts from Mesopotamia as early as the 10th century B.C. evidence the development of a rudimentary system of credit which included the concept of interest, and the concept of paying the interest in installments at regular intervals.