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In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers.
This option, but not the obligation, to acquire the car after a period equivalent to a contract hire is therefore packaged as either an option (in law) to purchase the car (a call option) at a 'set' price, or a right to sell the car (a 'put' option) at a set price after ownership is fully achieved from the final ‘balloon’ payment.
Typical new car dealership selling used cars outside the showroom. A used car , a pre-owned vehicle , or a secondhand car , is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships ...
The used car market is flashing a neon sign at buyers right now: "$20,000 off!" Don't miss. Commercial real estate has beaten the stock market for 25 years — here's how savvy investors can ...
Getting a new car is awesome. But buying a new car is stressful, expensive and filled with traps set by skilled salespeople who -- even the most honest among them -- are trying to get as much of ...
Prepare your car. First impressions matter when selling a car. Start by deciding how you plan to sell your car. Options include a trade-in, private sale, dealership or car buying website. Then ...