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With hire purchase you pay a deposit followed by a set number of monthly payments. Once all the payments are made the goods are yours. Wth leasing you pay an intial fee followed by monthly payments but, unlike with hire purchase, you have to return the goods to the supplier once the leasing contract has expired. The advantage of leasing over HP is that, with leasing, you can keep up to date with new technolgy and the latest models. Also, with HP, capital goods will depreciate over time.
What else can I help you with?
When was the Origin or development of hire purchase?
origin and development of hire purchase
What are the advantages and disadvantages of hire purchase?
someone answer it!
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 are some financial options offered by Chrysler?
Some financial options offered by Chrysler include Personal Contract Hire, Baloon Hire Purchase and Hire Purchase. You can get more information about these options online at the Chrysler website.
What is the difference between hire purchase and installment sales?
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What are the examples of short term financing?
Loan, leasing, hire purchase
Which financial institutions offer car leasing services in the UK?
There is a lot of choice when it comes to leasing a car in the UK. A popular company is Contract Hire and Leasing, Lease Cars Direct and Car4Leasing.
When was the Origin or development of hire purchase?
origin and development of hire purchase
What are the advantages of hire purchase as a source of finance?
Hire purchase can give the good profit,
Who is the regulator of car hire companies?
In the United Kingdom, it is BVRLA (British Vehicle Rental and Leasing Association).
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.
Is car insurance included when you get a car on contract hire?
Insurance comes along with a pack of leasing. ---- http://www.fbcontracts.co.uk ----
What are the pros and cons of buying a house or leasing a house for only 6 months what are the tax exemption rules for leasing?
Leasing is a form of renting. With leasing, you lock in the rental amount per month for the term of the lease. You get no tax benefits. The tax benefits are applied when you purchase a house.
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
