What is installment buying

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asked Jan 4, 2017 153k views

2 Answers

Azamat Rasulov · Answer 1 · 2017-01-05T13:53:34+0000

Answer:

Installment buying is when a consumer makes a small down payment and then pay off the rest of the debt in regular monthly payments.

Explanation: read it from the text book.

Yuki Yoshida · Answer 2 · 2017-01-08T13:39:33+0000

it is purchasing a raw material (such as copper or coffee) over a period of time. The buyer gains the use of the material immediately and then pays for it in periodic payments called installments.

What is installment buying

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