What is the ruling on purchasing a car through installment companies, where the car remains in the company's name until the payment is completed?

Question:
He says: Honorable Shaykh, may Allah grant you success. What is the ruling on going to installment companies, where the company purchases the car for me via installments at a price higher than its original price, on the condition that the car remains in the company's name until I complete the payment of the installments?

Answer:
This means they bought it for you, not for themselves. They bought it for you and increased its price. This is a loan; they lent you its price with an increase. This is riba (usury or interest). They did not buy it for themselves; it did not enter their ownership. Rather, I said, "I want a car," and they went and bought it for you, and they gave you the price as a loan in place of the price, and they recover it with an increase. This is riba. But if they had bought the car for themselves, so it entered their ownership, and then they sold it to you, there is no harm. Yes.