Credit Sale Agreement

A Credit Sale Agreement is a contract between a seller and a buyer where the buyer purchases goods or services but agrees to pay for them later, usually in installments. This arrangement allows the buyer to obtain items immediately without paying the full amount upfront. The agreement outlines the total price, payment schedule, interest rates, and any penalties for late payments. It’s commonly used for larger purchases, like appliances or vehicles, enabling consumers to manage their finances more effectively while the seller secures a sale and may earn interest on the transaction.