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When you enter into a retail installment sales contract for the purchase of a vehicle, your down payment and your monthly payments go toward the total purchase price of your vehicle. When you have paid off the financing, you own your car. When you lease a vehicle, you make payments to use the vehicle over the term of your lease. However, you don't own your car. At the end of your lease, you return it to the lessor.
What else can I help you with?
What is the maximum number of payments that can be made toward paying off an installment loan?
3
What are the advantages of paying with an installment?
It allows you to spread the cost of something over a period of time.
Paying for an item over a period of time with series of small payments?
Installment buying
What is it called when buying something by paying a little each month instead of all at once?
installment buying
What is the word for when you spread the cost of something over time?
The word for spreading the cost of something over time is "amortization." This term is often used in finance to describe the process of gradually paying off a debt or the gradual allocation of the cost of an asset over its useful life. Another term related to this concept is "installment," which refers to paying for something in smaller, scheduled payments over a set period.
How do you finance a war?
you finance a war by paying taxes :)
Difference between hostel and paying guest?
The main difference between hostel and paying guest is that in hostel you have to follow few rules and regulations while in case of paying guest there are no strict rules you have to follow all you need to do is just make sure that you paying guest owner is happy with you.
What are the advantages of paying with an installment?
It allows you to spread the cost of something over a period of time.
Paying for an item over a period of time with series of small payments?
Installment buying
What is the maximum number of payments that can be made toward paying off an installment loan?
3
Are business finance jobs well paying jobs?
Buisness finance jobs are often very high paying jobs, as are any jobs that are involved with money or finance, as there is a great need for them.
What is paying on a regular basis at a set time each month or parts of a year?
installment payments
Why is the decimal point significant?
Because there is quite a significant difference between paying $1.79 for something and paying $179 for the same thing.
What is it called when buying something by paying a little each month instead of all at once?
installment buying
What is the difference between generic and brand name baby formulas?
You're paying for the brand name or not.
How can one fix credit scores?
Paying off your installment loans (mortgage, auto, student, etc.) can help your scores but typically not as dramatically as paying down -- or paying off -- revolving accounts such as credit cards.
Is it illegal to sell a car on finance and stop paying for it?
Yes
