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Committee considers amendment to allow unequal auto-loan payments; dealers and Ford support option
Summary
An amendment to remove the statutory requirement for substantially equal installment payments would permit flexible payment products (e.g., Ford Credit's FlexBuy) in New Hampshire; industry witnesses said the change levels the playing field with neighboring states and preserves consumer disclosures.
An amendment (2025-1243s) that would repeal a requirement that retail installment sales contracts have "substantially equal" periodic payments was presented and supported by auto dealers and Ford Motor Company representatives.
A representative of the New Hampshire Auto Dealers Association said dealers favor the amendment because the current New Hampshire law prevents offering some modern financing options available in other states; dealers told the committee they face a…
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