I have bought a car from a vehicle dealer. Is Hire purchase (HP) the same as a fixed sum loan agreement?
No it is not. In hire purchase you actually hire the saloon and the last payment purchases it. You can totter away and owe nothing to the company who finances the deal subject to f¨ēte wear and tear. On a loan you own the car but enjoy a loan agreement, you can not walk away without paying the undamaged thing off. i reason the HP agreement is more expensive because of the privileges you have but read your contract document that is adjectives important
Answers: here are small differences in hp and and loans , they can come into effect if you default on repayments , do proper research if you regard you will be having problems repaying
No it is not. In hire purchase you actually hire the saloon and the last payment purchases it. You can totter away and owe nothing to the company who finances the deal subject to f¨ēte wear and tear. On a loan you own the car but enjoy a loan agreement, you can not walk away without paying the undamaged thing off. i reason the HP agreement is more expensive because of the privileges you have but read your contract document that is adjectives important
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No it is not. In hire purchase you actually hire the saloon and the last payment purchases it. You can totter away and owe nothing to the company who finances the deal subject to f¨ēte wear and tear. On a loan you own the car but enjoy a loan agreement, you can not walk away without paying the undamaged thing off. i reason the HP agreement is more expensive because of the privileges you have but read your contract document that is adjectives important
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Answers: here are small differences in hp and and loans , they can come into effect if you default on repayments , do proper research if you regard you will be having problems repaying
No it is not. In hire purchase you actually hire the saloon and the last payment purchases it. You can totter away and owe nothing to the company who finances the deal subject to f¨ēte wear and tear. On a loan you own the car but enjoy a loan agreement, you can not walk away without paying the undamaged thing off. i reason the HP agreement is more expensive because of the privileges you have but read your contract document that is adjectives important
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