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2. Owner financing: What it is and how it works - AOL

   www.aol.com/finance/owner-financing-works...

   Owner financing agreements can be structured in a number of ways, including as a second mortgage, a rent-to-own contract or a wraparound loan. Owner financing tends to benefit the seller more so ...

3. Hire purchase - Wikipedia

   en.wikipedia.org/wiki/Hire_purchase

   Hire purchase. A hire purchase ( HP ), [ 1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as ...

4. Buying a Car With a Lien: How To Purchase a Used ... - AOL

   www.aol.com/finance/buying-car-lien-purchase...

   Here are the details of each option for buying a used car that hasn’t been paid off: 1. Ask the Seller to Pay Off the Car Loan. One option to consider is asking the seller to pay off the amount ...

5. Title retention clause - Wikipedia

   en.wikipedia.org/wiki/Title_retention_clause

   Title retention clause. A retention of title clause (also called a reservation of title clause or a Romalpa clause in some jurisdictions) is a provision in a contract for the sale of goods that the title to the goods remains vested in the seller until the buyer fulfils certain obligations (usually payment of the purchase price).

6. Mechanic's lien - Wikipedia

   en.wikipedia.org/wiki/Mechanic's_lien

   Mechanic's lien. A mechanic's lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real property, it is called by various names, including, generically, construction lien.

7. How to Trade In a Financed Car: Everything You Need to Know - AOL

   www.aol.com/trade-financed-car-everything-know...

   No matter the reason, you don't necessarily have to wait until you've paid off your current car to buy a new one. To trade in a financed car, follow these steps: 1. Check Your Car's Value and Your ...