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Old 01-09-2011, 12:13 PM
Marlon Marlon is offline
Junior Member
Join Date: Jan 2011
Posts: 1
Default Sale of guaranteed future income

for example when you buy a new car, the garage takes a deposit and then you make monthly payments.

i would guess that the garage then sells this future monthly income to a third party who pays the garage a discounted amount in cash.

is this broadly how it works? does anybody know anything more about the details, like who the garage sells to, whether they sell individually or aggregate a couple of car sales incomes together etc etc.

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