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2. 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]

3. Personal contract purchase - Wikipedia

   en.wikipedia.org/wiki/Personal_contract_purchase

   The monthly payment amount is determined by the amount of the initial payment (the ‘deposit’), which can be negotiated with the financing company, and the final balloon payment, which is set by the financing company. The financing company is likely to be represented in this discussion by either a car dealer or automotive finance broker. [6]

4. Payment schedule - Wikipedia

   en.wikipedia.org/wiki/Payment_schedule

   Payment Frequency (Annually, Semi Annually, Quarterly, Monthly, Weekly, Daily, Continuous) Payment Day - Day of the month the payment is made; Date rolling - Rule used to adjust the payment date if the schedule date is not a Business Day; Start Date - Date of the first Payment; End Date - Also known as the Maturity date. The date of the last ...

5. How to calculate interest on a car loan - AOL

   www.aol.com/finance/calculate-interest-car-loan...

   There are several ways to calculate your monthly auto loan interest payment. You can use an online loan payment calculator or work directly with a lender. As long as you know the principal, loan ...

6. Average length of a car loan nears 70 months - AOL

   www.aol.com/average-length-car-loan-nears...

   The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used ...

7. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   This amortization schedule is based on the following assumptions: First, it should be known that rounding errors occur and, depending on how the lender accumulates these errors, the blended payment (principal plus interest) may vary slightly some months to keep these errors from accumulating; or, the accumulated errors are adjusted for at the end of each year or at the final loan payment.