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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. Retail floorplan - Wikipedia

   en.wikipedia.org/wiki/Retail_floorplan

   Retail floor planning (also referred to as floorplanning or inventory financing) is a type of short term loan used by retailers to purchase high-cost inventory such as automobiles. These loans are often secured by the inventory purchased as collateral. [1] Floor planning is commonly used in new and used car dealerships. [2]

4. 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.

5. How to Get the Best Auto Loan Rates as a First-Time Car Buyer

   www.aol.com/finance/best-auto-loan-rates-first...

   For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates. The average auto loan rate for someone with excellent credit is 5.25%, according ...

6. Can You Refinance a Car Loan? Learn How the Experts Do It - AOL

   www.aol.com/refinance-car-loan-learn-experts...

   An auto loan is a contractual agreement, where you're locked in for the duration of the loan period and agree to make a certain payment each month. However, it's possible to get out of an auto ...

7. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   Categorizing loan agreements by type of facility usually results in two primary categories: term loans, which are repaid in set installments over the term, or; revolving loans (or overdrafts) where up to a maximum amount can be withdrawn at any time, and interest is paid from month to month on the drawn amount.