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Purchasing a company vehicle: Business owners might buy a vehicle for company use and allow their employees with driver's licenses to drive the car for deliveries or transportation.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
It's possible to purchase a car without a license, but keep in mind you won't be able to drive it. Learn how the process of buying a car without a driver's license works.
Private money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines.
Hard money loans are usually funded by private lenders or investor groups, rather than banks, and use equity or real property as collateral. ... hard money lenders require a down payment, often ...
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