Automobile Financing

This subject is broad enough to permit a variety of presentations. In this paper it is considered generally, not with an elaboration of statistical analyses, but rather in a way likely to be most interesting to men whose contacts with it are indirect rather than specific. Time sales, or arrangements for purchase under deferred payments, have a long history in financing systems. The application of such plans to automobiles is comparatively recent. A brief statement of the causes which led to this application will not be out of place.