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LSDefine

Simple English definitions for legal terms

sales finance company

Read a random definition: Mediator

A quick definition of sales finance company:

A sales finance company is a type of finance company that purchases consumer installment paper from other companies that directly make loans to borrowers. They do not deal directly with consumers but instead buy the paper arising from the sale of consumer durables on time. In simpler terms, they help people buy things like cars or furniture by purchasing the loan from the company that sold the item.

A more thorough explanation:

A sales finance company is a type of finance company that deals with loans. They either make loans themselves or purchase notes from other companies that make loans directly to borrowers. Sales finance companies do not deal directly with consumers, but instead purchase consumer installment paper arising from the sale of consumer durables "on time."

For example, if a person wants to buy a car but cannot afford to pay for it all at once, they may take out a loan from a car dealership. The dealership may then sell the loan to a sales finance company, which will collect payments from the borrower over time.

Another example is a furniture store that offers financing options for customers who want to buy furniture but cannot afford to pay for it all at once. The store may sell the loan to a sales finance company, which will then collect payments from the borrower.

These examples illustrate how sales finance companies operate by purchasing consumer installment paper from other companies and collecting payments from borrowers over time.

sales-assessment-ratio study | sale short

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Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
BulbasaurNoLikeCardio
10:00
@snow: winter is tattoo season and since that cold snap hit I got one done and have three sessions scheduled lol I love the cold
snow
10:00
whys that?? you're lowkey inspiring me now
snow
10:01
ive been wanting a thigh tat for so long
snow
10:01
or maybe something on my knee, but i heard thats hella painful
Dkk
10:01
I wouldn't say trauma, the trauma would probably come from seeing my friends head get crushed by an LTV and feeling the bag of glass that was his skull in my hands. Or knowing a kid I mentored shot himself with a bullet he used to keep around his neck that I allowed him to have illegally.
Dkk
10:01
Feet shit though, just annoying.
dkk that is heavy stuff
snow
10:01
jesus dk
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