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Hire Purchase

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Hire Purchase
The right to purchase an asset by the user of the asset according to a pre-agreed method. The user may be the owner for tax purposes.

Hire Purchase
A British and Commonwealth term for closed-end leasing. See also: Rent-to-own.


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There are many companies that offer car lease commercial hire purchases Queensland car loans and personal loans for the cars.
Motability customers agree to pay all or part of their Mobility Allowance, depending on their choice of vehicle, for the duration of their contract hire or hire purchase agreement.
AWhere goods are bought under a Hire Purchase agreement, the contract is governed by the Supply of Goods (Implied Terms) Act 1973.
 
 
 
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