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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]

3. 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.

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. How Much Should My Car Payment Be? - AOL

   www.aol.com/much-car-payment-145003598.html

   A $700 car payment may be too much if it exceeds 10% of your monthly take-home pay or if it strains your budget and limits your ability to meet other financial obligations or goals. It's important ...

6. 7 Key Signs That Your Monthly Car Payment Will Break ... - AOL

   www.aol.com/7-key-signs-monthly-car-160050930.html

   Adding a car payment to your monthly budget can hurt your financial situation if you don’t have the space for it. Read Next: 6 Questions You Should Never Ask at a Car Dealership

7. Contract - Wikipedia

   en.wikipedia.org/wiki/Contract

   A contract is an agreement that specifies certain legally ... pick up the car, it is not there. ... time—for example with monthly payments (a contract with deferred ...