higher purchase
buyer and seller make written and legal agreement between them
about $1,000 cheap right!
All depends, how much do you got
Look in the telephone directory
Computer
buyer and seller make written and legal agreement between them
caluculation of intrest under hire purchase system
hire purchase system
origin and development of hire purchase
Hire purchase can give the good profit,
Hire purchase was first put into regular public service in the 1850's by Edward Clark, partner to Isaac Merritt Singer. This allowed for the Hire Purchase of Singers new sewing machine that cost $125 in the 1850's. You could pay in weekly or monthly installments at agreed amounts to suit your purse. His hire purchase method was widely copied throughout the world.
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.
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.
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.
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).
Hire Purchase
Paying in instalments