What Is a Hire Purchase Agreement? A Complete Guide

Hire Purchase

Hire purchase is a common name for this type of agreement in the UK, but it’s also known as ‘hire and buy’ or even just ‘paying in instalments’. Hire purchase agreements are very similar to traditional car finance deals, such as asset-backed finance. Customers don’t pay anything until after the hire purchase agreement gets signed. This makes them a very popular option for people who want to buy a car or other expensive items, but don’t have the money upfront. In this complete guide, we will tell you everything you need to know about Hire Purchase Agreements in the UK. […]

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