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The money that the company pays to the dealer to buy your contract pays the dealer for your car. When the company buys the contract, the dealer will transfer and assign the contract to that company. The company then becomes what is called an assignee. The company now has the right to receive monthly payments from you.
A retail installment sale is a transaction in which the \u201cbuyer\u201d buys a car from the \u201cretail seller.\u201d The terms of the sale are set out in a retail installment sale contract, not a promissory note. In the retail installment sale contract, the buyer promises the retail seller that he will pay for the car over time.
An assignee is a person or a company who buys your auto loan. For example, an auto dealer who extends credit to you may sell your loan to a bank, making the bank the assignee. You owe the money to whoever has purchased your loan.
A retail installment sale is a transaction between you and a dealer to purchase a vehicle where, you agree to pay the dealer over time, paying both the value of the vehicle plus interest. A dealer can sell the retail installment contract to a lender or other party.
Contents. An installment agreement requires the buyer of real estate to pay the seller the purchase price in installments over time; the buyer takes immediate possession of the property but the seller retains legal title as security until the buyer pays in full.

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A retail installment sale is a transaction between you and a dealer to purchase a vehicle where, you agree to pay the dealer over time, paying both the value of the vehicle plus interest. A dealer can sell the retail installment contract to a lender or other party.
What is a Retail Agreement? A retail agreement is a legal contract between a manufacturer or wholesaler of a product and the retail business that will sell the product to customers. Frequently these agreements are used to set pricing expectations and establish minimum inventory and order amounts.
Introduction. An installment contract (also called a land contract or articles of agreement for warranty deed or contract for deed) is an agreement between a real estate seller and buyer, under which the buyer agrees to pay to the seller the purchase price plus interest in installments over a set period of time.
A retail installment sales contract agreement is slightly different from a loan. Both are ways for you to obtain a vehicle by agreeing to make payments over time. In both, you are generally bound to the agreement after signing.
The two key differences between installment and credits sales are the duration the credit is offered and the collateral used to back the credit. Credit sales are typically of shorter duration and installment sales spread payments out over longer periods of time.

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