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leasing and hire purchase are financial facilities which allow a business to use an assest over a fixed period,in return for regular period. if any of you take lone from a financier it will put interest over the hole lone for hole time except of putting interest from month to month.

if you take loan from bank it will put interest on money form month to month.

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13y ago

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When was the Origin or development of hire purchase?

origin and development of hire purchase


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Pray. Study. Read the book. Go for extra help. Do the homework. Hire a tutor.


What are the advantages of hire purchase as a source of finance?

Hire purchase can give the good profit,


What are the Advantages and disadvantages of hire purchase as a source of business finance?

Hire purchasing helps customers to buy articles at instalments through EMI,instead of paying lumpsum at a time.However, there are chances of pushing inferior articles through hire purchase by sellers. Even the customers may default and/or delay payment of instalments leading to litigation.


Advantage of hire purchase?

One advantage of hire process is that it allows low-income individuals to purchase items that would otherwise be out of their budget. Hire purchase is also known as installment plan.


What means repossesion as regard to hire purchase?

If a company fails to make it's repayment under the hire purchase agreement then the loan providers can tale the goods bought under the hire purchase as settlement for the loan.


Why would a company use hire purchase?

The legal term for hire purchase is a contract. Companies may prefer using hire purchase because it spreads the costs of expensive items over a period of time.


What is the explanation for the features of hire purchase system?

higher purchase


Solve you a problem on hire purchase system?

caluculation of intrest under hire purchase system


What tips would one give to improve the search engine position of their website?

A good way to improve the position of one's website would be to hire a company to help boost your ratings. Another way would be to hire help to raise your site to number one.


What is the adjective for hire?

The verb to hire has the participle adjectives hiring and hired. For the noun hire, it can be used as a noun adjunct (hire car, hire purchase).


What is the meaning of hp?

Hire Purchase