hire purchase

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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.

hire purchase

see INSTALMENT CREDIT.

hire purchase

see INSTALMENT CREDIT.
References in periodicals archive ?
Another strength was the ability of Ford Australia to provide comprehensive data on the historical performance of their consumer loans and hire-purchase contracts, facilitating the historical loss analysis of Standard & Poor's.
The cost of a hire-purchase deal is harder to calculate because rates, which vary between 0 per cent and 20 per cent, are often not clearly stated.
Hire-purchase is more practicable for drivers whose disability requires extensive or expensive adaptations to the vehicle.
The subject of the public contract for the supply of these buses is taken in the form of direct purchase of goods or hire-purchase or by lease with subsequent purchase (leasing).
PPI, used by 7m people, is designed to protect mortgages, personal loans, store cards, hire-purchase agreements or credit card repayments if borrowers lose their job or are ill.
And apart from a few little things - the pounds 80m debt, the sale of the family silver on the cheap, the 75 company cars, the 37 redundancies, the pounds 40,000 a week to Seth Johnson, the hire-purchase fish and the relegation - he did.