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OLX's operations in India, like other online retailers, has faced problems with fraud and faced problems with people selling stolen vehicles. In combating fraud, nearly 25% of the car listings get rejected by its systems to protect users from fraud. [36] [37] In August 2023, OLX's India business was acquired by CarTrade for ₹ 535.54 crore. [38]
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.
Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). [2] Roughly 30% of new vehicles during the same time period were leased. [2] 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.
🔍 Alternative budgeting allocation Try a 70/20/10 rule — with 70% for needs, 20% for savings and debt repayment and 10% for non-essential wants. You want to pay down high-interest debt faster
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Faleel Jamaldeen states that debt-based contracts are often used to finance not-so-minor purchases (homes, cars, etc.) for bank customers. [55] These instruments include mark-up , leasing (ijara), cash advances for the purchase of agricultural produce (salam), and cash advances for the manufacture of assets (istisna'). [56]
Hours after the St. Petersburg City Council approved spending $23.7 million to repair Tropicana Field after it was damaged during Hurricane Milton, the council reversed its decision in a second vote.
A marble sculpture bought for $6 and used as a doorstep could be about to make a fortune. The bust, made by French sculptor Edmé Bouchardon, could make over $3 million at auction after a local ...