Installment Financing

What is installment financing ?

q ff qegff A financing service provider makes a lump-sum payment to a manufacturer or a seller for purchasing goods on behalf of a customer, and the customer must repay the amount on an installment basis during a given period of time.

Objects of Installment Financing

IncludIing automobiles (car, van, truck) and machinery.

Difference from Lease Financing

Lease and installment financing are similar, but different as follows:

Item Lease Installment Financing
Ownership Lease company User
Choice for purchase at low price (or revision) Possible No applicable
Goods applicable Goods specified in the loan & financing regulation No limit
Procedure of Installment Financing

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