skylalopez99 skylalopez99
  • 02-03-2021
  • Business
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What type of contract is a hire purchase agreement?

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sambravo45 sambravo45
  • 02-03-2021
Agreeing to purchase goods in installments over a period of time is the foundation of hire purchase. It is almost identical to an installment plan, except that in a hire purchase, the seller owns the goods until you make the final payment (like lease-to-own or rent-to-own).
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