Credit to car dealers to finance the acquisition of new and used cars in stock. A maximum duration is defined and interest rate is usually variable, linked to well known reference such as Euribor.
Both, a fixed number of instalments or one final payment can be foreseen. When the dealer sells the vehicle the outstanding amount has to be repaid. Discounts are offered to the dealer if he links the dealer-finance contract with a car finance to the end customer.