Thread: finance question
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Old Jan 17, 2011 | 05:39 PM
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focusv8
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Hire.Purchase;
YOU don't own the car till YOU'VE made all the repayments, loan is secured against the car.
Loan company can reposess.

Any other loan, YOU own the car immediately, loan is secured against you.
Loan company can't normaly reposess.
.
Last edited by focusv8; Jan 17, 2011 at 05:41 PM.
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