Warranty insurance is different from credit insurance and guarantee. Its application in the installment purchase of vehicles is worthy of serious analyse.

保证保险不同于信用保险和保证担保，它在分期付款购车中的应用值得认真探讨。

youdao

Less than 1% of urban Chinese use consumer loans to purchase consumer goods, while 47% of all US families have installment loans and 46% carry a credit card balance.

FORBES: One Big Difference Between Chinese and American Households: Debt

The purchase may be made outright (lump sum) or through a series of deferred (installment) payments.

FORBES: Working With Islamic Finance