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What are the advantages of hire purchase as a source of finance?
Wiki User
∙ 12y ago
Hire purchase can give the good profit,
Wiki User
∙ 12y ago
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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.
What are the advantages and disadvantages of hire purchase?
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What are advantages of hire purchase?
There are several advantages of hire purchase. Some of these include having the specific item that you want, and owning something you typically cannot afford.
What is block discounting?
Block Discountingis where Individual X, dealing business by way of hire-purchase agreements or credit-sale agreements, contracts with Finance House Y to sell his interest in those hire-purchase and credit sale agreements at a discount.
What are the various sources available to Indian businessman for raising funds?
There are several sources of finance for a business enterprise in India. The issuance of shares is the most important. The issuance of debentures is another important source. Commercial banks are an easy source of providing short-term finance.
When was the Origin or development of hire purchase?
origin and development of hire purchase
What are the advantages and disadvantages of having separate departments for finance accounting and management accounting?
This helps to keep the information separate and avoid mistakes. You will have to hire additional personnel to do this and have more office space.
What loans do Hann specialise in?
Hann specialize in loans regarding the hire purchase of a vehicle, they have been proudly providing service in this finance industry since 1959, and have unmatched value and service.
What does HPI stand for in car?
HPI stands for Hire Purchase Investigation.The check is to see if there is any finance outstanding on the vehicle, it also offers other checks such as the mileage, V5 etc.
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.
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 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.
