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2. Personal contract purchase - Wikipedia

   en.wikipedia.org/wiki/Personal_contract_purchase

   If the owner defaults on the payments, the finance company has the legal right to repossess the vehicle. At the end of the agreement, the customer either pays the balloon payment and takes full ownership of the vehicle, or the vehicle is returned to the finance company without any further liability. [1] A personal contract purchase is a ...

3. The Average Car Payments for New and Used Cars in 2024 - AOL

   www.aol.com/finance/average-car-payments-used...

   As with almost everything else, car payments became much more expensive in the last year, and 2024 isn't looking any better. Consumer Reports explained that the car market has become increasingly...

4. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.

5. 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.

6. In-Car Payment System - Wikipedia

   en.wikipedia.org/wiki/In-Car_Payment_System

   Renault Samsung Motors first installed an in-car payment system on its 2022 XM3, released on June 4, 2021. It will be available at convenience stores, gas stations, parking lots, cafes and restaurants from July 2021. It is the only in-car payment system that can request the ordered menu to be delivered to the vehicle. [3]

7. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...