What Is Installment Buying at Buying

What Is Installment Buying. An installment purchase agreement is a contract used to finance the acquisition of assets. The buyer makes the payment in different installment over a period of time as agrees upon in the agreement.

An installment purchase agreement is a contract used to finance the acquisition of assets. Installment buying is no exception, but it has evolved thanks to a specialized and restrained approach offered by modern online retail. Installment buying, or agreeing to pay scheduled amount to the seller, can be utilized when buying a car.

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Installment buying is just another way of describing installment plans. Today’s concept of installment buying has become a staple for retailers looking to attract new customers, increase purchase volume, and boost brand loyalty. The payments include stated or imputed interest. Princeton's wordnet (0.00 / 0 votes) rate this definition: