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Hire Purchase
(redirected from Lease purchase)

    Also found in: Dictionary/thesaurus, 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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Before going into a lease option or lease purchase, make sure that you have a tenant that is qualified, that they have money that will pay the rent, that you also have option consideration and you probably kept some of that in escrow in the event that they don't pay or they get evicted, or you should have reserves in cash or savings to pay that mortgage while it is empty.
Success Mentoring on Risks with Lease Options by Minh Pham / Real estate industry community
And he said most customers were funding their car buys either via hire purchase and lease purchase deals.
A pounds 115k Bentley on tick please by Daily Record (Glasgow, Scotland)
With lease purchase you pay a deposit and then pay lower monthly payments (usually for 24 or 36 months) by deferring a proportion of the cost until the end of the agreement.
Put yourself at an ad-van-tage; DIFFERENT ROADS TO RUNNING A COMPANY ... by The Mirror (London, England)
 
 
 
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