Loan Agreement What Is The Difference Between A Retail Installment Contract And A Loan Agreement For An Auto Loan?

What is the difference between a retail installment contract and a loan agreement for an auto loan? - loan agreement

I have a car loan through the dealer who received a payment amount / terms of the bank. The contract I received from the bank is a purchase agreement. Has the bank that the purchase agreement the dealer and will change?

2 comments:

autosell... said...

If the bank makes the purchase of the merchant. No, that does not change. The contract you signed when everything organized and approved the terms of your loan.

The sales contract must contain all the available information indicates that the entire financing, down payment if you purchased an extended warranty and the price reflects this too. In addition, the rows of the payment, the loan and interest rates. It will give you the monthly payment and payment deadlines.

One of the lenders will work with the dealer to buy the paper or the vendor a contract. The terms will not change just because a bank buys it.

bigmikeu... said...

Yes, give the supply of auto dealers with banks that a bribe so many new loans received in the bank ...... That would have been better to check with several banks and credit unions and organize their own words ... Dealers will never say that everything ....... Many car dealers and unscrupulous loans at interest rates much higher, depending on how they think they can eat .......

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