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Personal contract purchase (PCP), often referred to as a personal contract plan, is a form of hire purchase vehicle finance for individual purchasers, similar to both personal contract hire and a traditional hire purchase (buying on installments).
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Car financing options in the United Kingdom similarly include car loans, hire purchase, personal ... A lease is a contractual agreement between a person who owns the ...
Or you can trade your financed vehicle in at the dealership where you also want to buy a car, and either pay off the loan before you go or roll the balance in the loan you use to finance your new car.
This increase is reflected clearly in the amount drivers are financing. New car purchasers financed an average of $40,184 in the third quarter of 2023 versus $41,665 in 2022, ...
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.
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