The Rambler Owners Club

Rambler Gradual Payment System

Rambler Gradual Payment System

Note that gradual payment systems such as this were invariably underwritten by the company themselves. The larger, more established manufacturers had started doing this sometime previously and smaller companies such as Rambler would have been in an awkward position: ie they’d need to match their competitors in order not to lose business; but no doubt would have had to take it on the chin in cases of default.

It’s rare now to see a document such as this.

 

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Note the proviso on the bottom line: A Married Lady must not be given as the responsible party (ie the guarantor).

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