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2. Personal contract purchase - Wikipedia

   en.wikipedia.org/wiki/Personal_contract_purchase

   If the owner defaults on the payments, the finance company has the legal right to repossess the vehicle. At the end of the agreement, the customer either pays the balloon payment and takes full ownership of the vehicle, or the vehicle is returned to the finance company without any further liability. [1]

3. Vehicle leasing - Wikipedia

   en.wikipedia.org/wiki/Vehicle_leasing

   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.

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. Closed-end leasing - Wikipedia

   en.wikipedia.org/wiki/Closed-end_leasing

   In addition to depreciation, the lessee must also pay the lessor's cost of financing the purchase of the vehicle, which is referred to as "rent"; the rent also includes the lessor's profit. The total lease cost can either be paid in a single lump sum, or amortized over the term of the lease with periodic (usually monthly) payments.

6. Buy here, pay here - Wikipedia

   en.wikipedia.org/wiki/Buy_here,_pay_here

   Historically, the down payment required on a BHPH loan was generally larger than the total profit on the sale of the vehicle. Therefore, if the buyer didn’t make payments, the RFC could repossess the vehicle and sell it again at the dealership. Since 2008, many outside lending institutions have entered the market and the average down payment ...

7. Rent-to-own - Wikipedia

   en.wikipedia.org/wiki/Rent-to-own

   Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...