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A retail installment contract is one where the lender maintains title to the property, such as a car, and the borrower has use of the property and makes regular installment payments toward the purchase of the property. It is often used in the purchase of motor vehicles.
An installment contract is a single contract that is completed by a series of performances such as payments, performances of a service, or delivery of goodsrather than being performed all at one time.
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.
Unlike credit sales, which generally involve a short repayment window, installment sales can span several years. Additionally, installment agreements often come with structured payment plans that include interest, allowing sellers to earn a return on their investment over time.
A retail installment sales contract is a type of financing agreement. It is made directly between you and the auto dealer. The dealer will typically sell the contract to another lender unless the dealer is a buy-here/pay-here dealer. Traditional vehicle financing involves borrowing money from a bank or other lender.
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People also ask

Installment Payment Financing. The seller retains title to the property until the purchase price is paid. (This is the approach explored in this guide.)
At the time of contracting, a retail installment sale is between the seller and the buyer; a secured loan from a third party is not, under most states definitions, a retail installment sale.

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