Whats a hire purchase arrangement?

Ashton TV provide televisions, domestic appliances, garden furniture and related products on a hire purchase arrangement.

A Hire Purchase (HP) agreement is a financial arrangement commonly used for purchasing expensive goods, allowing individuals to acquire an asset without paying the full cost upfront. It is a type of instalment plan where the buyer, also known as the hirer, agrees to make regular payments over a specified period.

The ownership of the asset is transferred to the buyer once the final payment is made.

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Whats a hire purchase arrangement?


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Author tgadmin