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  2. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    Personal contract purchase (PCP), often referred to as a personal contract plan, is a form of hire purchase vehicle finance for individual purchasers, similar to both personal contract hire and a traditional hire purchase (buying on installments).

  3. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Indirect financing is arranged by the car dealership where the car is purchased. 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.

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

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

    Key takeaways. Installment loans can include mortgages, auto loans, personal loans and some types of home equity loans. Interest can be calculated at a fixed or variable rate.

  5. What is an installment loan & how does it work? Know ... - AOL

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

    Other examples of installment loans include student loans, mortgages and auto loans. What is an installment loan? An installment loan is a type of closed-end debt. You pay it off over a set number ...

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

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

    Consider a secured installment loan: Some lenders offer secured installment loans to those with poor credit. These loans are backed by collateral, like a house or car, reducing the risk for the ...

  7. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc. This particular ...

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