However, beware of the Rule of 78 percent, which is a commonly used means of refunding on consumer contracts that loads the greatest portion of the interest at the beginning of the contract. Make sure you understand how you will be paying interest on your purchase. Rely on what is in the written contract and not on sales talk. If it is not written into the contract, it is not a part of the agreement. If you have any questions, see an attorney before you sign.
Legal advice obtained in advance is much cheaper than a lawsuit resulting from a contract dispute.
A debtor is entitled to a notice of default and right to cure. But an uncured default or repeated defaults can result in repossession or suit. Figure out how much it is costing you to buy on time. Compare the installment sales contract price with the cash price. The disclosure laws give you an opportunity to compare the cost of credit.