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  2. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    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.

  3. How To Buy a Car from Someone with a Loan - AOL

    www.aol.com/finance/buying-car-lien-purchase...

    You can pay off the loan balance yourself by writing a check directly to the lender, or you can ask the seller to pay off the loan. Here are the details of each option for buying a used car that ...

  4. Here’s the Average Monthly Auto Loan Payment in Each State

    www.aol.com/average-monthly-auto-loan-payment...

    Average monthly auto loan payment: $723. More From GOBankingRates. 6 Subtly Genius Moves All Wealthy People Make With Their Money. 10 Housing Markets That Will Plummet in Value Before the End of 2024.

  5. How long should your car loan be? - AOL

    www.aol.com/finance/long-car-loan-170629705.html

    Lower monthly payment: If your budget is tight, a longer term could make your auto loan payment more manageable. Increased affordability: You may be able to afford a higher-priced vehicle if you ...

  6. 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.

  7. Can you use a personal loan to buy a car? - AOL

    www.aol.com/finance/personal-loan-buy-car...

    3. Your personal loan rate is lower than an auto loan rate. Unsecured personal loan interest rates tend to be higher than auto loan rates. But if you have outstanding credit, you may qualify for a ...

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