hire-purchase price means the total sum payable by the hirer under a hire- purchase agreement in order to complete the purchase of a motor vehicle to which the agreement relates, exclusive of any sum payable as a penalty or as compensation or damages for a breach of the agreement;

hire-purchase price means the total sum payable by the hirer under a hire-purchase agreement in order to complete the purchase of goods to which the agreement relates, inclusive of any sum so payable by way of a deposit or other initial payment, or credited or to be credited to the hirer undei such an agreement on account of any such deposit or payment, whether that sum is to be or has been paid to the owner or to any other person or is to be or has been discharged by a payment of money or by the transfer or delivery of goods or by any other means ; but exclusive of any sum payable as a penalty or as compensation or damages for a breach of the agreement;

hire-purchase price means the total sum payable by the hirer under a hire purchase agreement in order to complete the purchase of goods to which the agreement relates, including the cash price, interest, financial charges, and a deposit or other initial payment;

More Definitions of hire-purchase price

hire-purchase price means the total sum payable by the hirer under a hire purchase agreement in order to complete the purchase of goods to which the agreement, relates, exclusive of any sum payable as a penalty or as compensation or damages for a breach of the agreement, and should not exceed the sum of the cash price and charges accrued;

hire-purchase price means the total sum payable by the hirer under a hire-purchase agreement in order to complete the purchase of, or the acquisition of property in, the goods to which the agreement relates and includes any sum so payable by the hirer under hire-purchase agreement by way of a deposit other initial payment, or credited or to be credited to him under such agreement on account of any such deposit or payment, whether that sum is to be a or has been paid to the owner or to any other person or is to be or has been discharged by payment or money or by transfer or delivery of goods or by any other means but does not include any sum payable as a penalty or as compensation or damages for a breach of the agreement.

hire-purchase price means the total sum payable over the life of the Hire Purchase Agreement in order to complete the purchase of the Goods.”

hire-purchase price means the total sum payable by the buyer under a hire-purchase contract in respect of the goods being sold excluding any sums payable as a penalty or as damages or compensation, but including any deposit or initial payment, and any charges for installation of the goods, paid or payable by the buyer;

hire-purchase price means, in respect of a Hire Purchase Debt, the total sum payable by the debtor under a Hire Purchase Contract in order to complete the purchase of the item to which the contract relates, exclusive of any sum payable as a penalty or as compensation or damages for a breach of the contract;

hire-purchase price means the total sum originally payable by the Hirer for the hire of the Goods, and to complete the purchase of the goods, such sum being the aggregate of (i) the cash price of the Goods; (ii) freight charges, if any; (iii) vehicle registration fees, if any; (iv) Takaful Contribution/Insurance Premium; and (v) terms charge subject to any revision of the BFR from time to time;

hire-purchase price definition