Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment. Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.
behavior characteristics
Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.
The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.
Terminology form
1, the term of installment payment also has many forms: the buyer pays by installment, usually paying the down payment first and then paying the second money after receiving the notice from the real estate agent; Divided into three installments, and the third installment will be paid within a certain period of time after check-in. In this way, the buyer usually pays more than one-time payment, but at the same time it can reduce the possible losses in the auction, such as "unfinished houses", as well as the decline in house prices other than the down payment and the changes in the economic situation of the buyer.
It usually takes several years to pay off the loan by installment. The key here is when the installment payment except the down payment will start, in other words, when the loan bank will hand over the loan of the purchaser to the real estate agent. This time can start as soon as the loan procedure is completed, or it can start as soon as the house is handed over, which is more beneficial to the buyers.
Of course, how to pay is not the wishful thinking of the buyers. If the real estate developers themselves have no strength, they must rely on the money of buyers to build houses. Usually, they will not agree that the buyer's second payment will be delayed until delivery. In this case, property buyers can only decide whether to buy a real estate developer's house.