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2. Installment loan - Wikipedia

   en.wikipedia.org/wiki/Installment_loan

   Installment loan. An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage loan, for example, is a type of ...

3. 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.

4. Car dealerships in the United States - Wikipedia

   en.wikipedia.org/wiki/Car_dealerships_in_the...

   Car dealership showroom. 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 ...

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

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

   An installment loan is a type of closed-end debt. You pay it off over a set number of months or years, also known as your loan term. Unlike credit cards or lines of credit, which are open-ended ...

6. Should you pay car insurance in installments? - AOL

   www.aol.com/finance/pay-car-insurance...

   Paying for your car insurance in monthly installments might make it easier to manage your budget, but you might also pay extra fees if you don’t pay for your policy up front. You might be able ...

7. Hire purchase - Wikipedia

   en.wikipedia.org/wiki/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 closed-end leasing ...