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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] A personal contract purchase is a ...

3. UCC-1 financing statement - Wikipedia

   en.wikipedia.org/wiki/UCC-1_financing_statement

   A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt). This form is filed in order ...

4. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.

5. Can’t Afford Your Car Payment Anymore? 9 Things You ... - AOL

   www.aol.com/finance/t-afford-car-payment-anymore...

   A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...

6. Can You Make a Car Payment with a Credit Card? - AOL

   www.aol.com/car-payment-credit-card-211300653.html

   For example, if you charge your $500 monthly car payment on a credit card, you may only have to pay 10 percent or $50 this month, giving you a bit of a breather by providing more flexibility ...

7. Which Generation Is Most Likely To Spend $1,000+ on Their ...

   www.aol.com/generation-most-likely-spend-1...

   In the United States, the average monthly car payment on a used vehicle is $488, according to the most recent Experian data. ... How To Get Free Money: 13 Proven Ways. 3 Things You Must Do When ...