Common Contracts
1 similar Hire Purchase Agreement contracts
HIRE PURCHASE AGREEMENTHire Purchase Agreement • May 17th, 2022
Hire Purchase is defined as an agreement in which the owner of the assets lets them on hire for regular installments paid by the hirer. The hirer has the option to purchase and own the asset once all the agreed payments have been made. These periodic payments also include an interest component paid towards the use of the asset apart from the asset’s price.
