Have you ever thought of buying a car? One of the challenges is deciding on which car to purchase and finding the best method of payment. Here are possible ways that will help you decide on the best payment option.
Higher Purchase
This is a deferred payment method where the interested buyer gets into a written agreement by financing the first installment and clearing the balance over a specified period plus interest.
Personal Loan
This is financial assistance from banks, credit unions, or private lenders. These personal loans have good interest rates with a low monthly settlement amount.
Lease-Purchase
It is a purchase where you own the property on a rental agreement.
Personal Contract Purchase
It is the same as higher purchase, but the only difference is that it involves a series of small monthly payments to meets the large payment at the end of the agreement.
