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

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

    This makes installment loans a good option for large expenses like paying for school, buying a car or even purchasing a house. 5 most common types of installment loans

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

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

    These loans are backed by collateral, like a house or car, reducing the risk for the lender or company. Beware: If you fail to make your monthly payments, the lender can legally seize your collateral.

  4. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    The most common method of buying a car in the United States is borrowing the money and then paying it off in installments. Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). There are two primary methods of borrowing money to buy a car: direct and indirect.

  5. DriveTime - Wikipedia

    en.wikipedia.org/wiki/DriveTime_Automotive_Group

    It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending. [7] DriveTime buys 150,000 cars annually at various auctions. [8] After auction, the company puts the purchased cars through a 14-day inspection at one of its 24 inspection centers.

  6. These 3 Slow-Selling Used Cars Are Actually Great Deals - AOL

    www.aol.com/finance/3-slow-selling-used-cars...

    The average used car spends 49 days on the market, according to the latest data from iSeeCars.com.However, the slowest-selling used cars on the market right now typically stay on the market for ...

  7. Installment loan - Wikipedia

    en.wikipedia.org/wiki/Installment_loan

    In 1899 in Boston, more than a half of furniture dealers used such loans. Around 1890, installment loans were used to finance sewing machines, radios, refrigerators, phonographs, washing machines, vacuum cleaners, jewelry and clothing. By 1924, 75% of automobiles were purchased with installment loans. [3]

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