Understanding The Nuances OF Finance Companies

by David Jenyns on February 20, 2008

Understanding The Nuances OF Finance Companies
Thus, if the smaller company lends a prospective auto purchaser $3,000 to buy his car, it secures from the purchaser a signed conditional sales contract for $3,000. The buyer agrees to pay the finance company $3,000 plus interest over, say, three years.

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