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  2. 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 ...

  3. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

    www.aol.com/finance/using-401-k-loan-buy...

    A 401(k) loan involves borrowing money from your retirement savings and repaying yourself over time. In other words, you’re making a loan to yourself. The loan payments go back into your ...

  4. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    For commercial banks and large finance companies, "loan agreements" are usually not categorized although "loan portfolios" are often broadly characterized into "personal" and "commercial" loans while the "commercial" category is then subdivided into "industrial" and "commercial real estate" loans.

  5. ‘The 4-square method’: Here’s how American car dealers make ...

    www.aol.com/finance/4-square-method-american-car...

    Doing your own research is crucial. ‘The 4-square method’: Here’s how American car dealers make big profits off you — and how not to get fooled when buying your vehicle Skip to main content

  6. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In the case of home loans, if the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it. Loan modification can avoid defaults. [1] Similarly, a loan taken out to buy a car may be secured by the car.

  7. 25 Things You Must Do Before Buying a Used Car - AOL

    www.aol.com/25-things-must-buying-used-140002015...

    Determine Your Budget. Step No. 1, when buying a used car, is the same as the starting point for buying a new car — or buying anything, for that matter: Find out what you can afford.