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

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

    An insurance company can set its own installment fee amount, even if the installment fee is higher than what the company is being charged to process your payment. Consider potential savings

  3. 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.

  4. Common types of installment loans and their best uses - AOL

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

    Installment loans typically come with lower rates than credit cards and lines of credit. Plus, interest can be fixed, which makes payments predictable — and easy to calculate before you borrow .

  5. How to compare installment loan lenders and find the best offer

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

    These loans are backed by collateral, like a house or car, reducing the risk for the lender or company. Beware: If you fail to make your monthly payments, the lender can legally seize your collateral.

  6. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly. Indirect financing is arranged by the car dealership where the car is purchased.

  7. Installment loan - Wikipedia

    en.wikipedia.org/wiki/Installment_loan

    A type of installment contract other than a loan involves the purchase of durable goods on credit. Such arrangements are usually referred to as "installment plans" rather than "installment loans". In 1807, the installment selling of durable goods was introduced in the US by the furniture store Cowperthwaite & Sons.

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