retail installment contract


Also found in: Acronyms.

retail installment contract

A contract that provides compensation for consumer goods or services by making payments over time,usually at a high interest rate.

References in periodicals archive ?
The company originates indirect retail installment contracts through a network of over 20,000 new and used car dealers throughout the United States.
Westlake ALPS Buys USD 5.9m Bulk Auto Loan Portfolio from Texas Lender
Car-Mart underwrites, finances and services retail installment contracts generated by its dealerships.
Crown Group buys Rogers-based Car-Mart chain
The company, which began originating retail installment contracts in 1997, has a managed asset portfolio of approximately USD 50 billion (as of June 30, 2017), and is headquartered in Dallas.
Scott Powell appointed president/CEO of Santander Consumer USA Holdings
Pelican Auto Finance, LLC specializes in the underwriting and purchase of deep sub-prime automotive retail installment contracts. Operating out of San Diego, Calif., and Chadds Ford, Pa., Pelican's senior management team has over 100+ years in the sub-prime automobile finance space.
Pelican Auto Finance choses Payix for collections tools
SC's average APR as of the end of the first quarter 2016 for retail installment contracts held for investment was 16.7 percent, down from 16.8 percent as of the end of the fourth quarter 2015 and up from 16.6 percent as of the end of the first quarter 2015.
Santander Consumer USA reports Q1 2016 net income of USD201m
The company, which began originating retail installment contracts in 1997, has a managed assets portfolio of USD53 billion (as of December 31, 2015), and is headquartered in Dallas.
Santander names chief operating officer
The company, which began originating retail installment contracts in 1997, has a managed asset portfolio of more than USD52 billion (as of September 30, 2015), and is headquartered in Dallas.
Santander Consumer USA appoints CFO
The transactions included the execution of a USD756 million lease sale, a USD925 million sale of seasoned nonprime retail installment contracts and associated assets, currently held in performing securitization trusts, as well as a USD253 million sale of prime auto retail installment contracts through a new relationship.
Santander Consumer USA completes USD1.9b in asset sales
The company, which began originating retail installment contracts in 1997, has a serviced finance portfolio of more than USD 40bn (as of September 30, 2014), has more than two m customers across all credit grades, and is headquartered in Dallas.
Santander Consumer USA posts USD 191.4m of 3Q14 net income
The company, which began originating retail installment contracts in 1997, has a serviced portfolio of more than USD 37bn (as of June 30, 2014), has more than 2m customers across all credit grades, and is headquartered in Dallas.
Secondary offering of Santander Consumer USA Holdings prices
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