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- Hire_purchase abstract "Hire purchase (abbreviated HP, colloquially sometimes never-never) is the legal term for a contract, in which a purchaser agrees to pay for goods in parts or a percentage over a number of months. In Canada and the United States, a hire purchase is termed an installment plan although these may differ slightly as in a hire purchase agreement the ownership of the good remains with the seller until the last payment is made. Other analogous practices are described as closed-end leasing or rent to own.The hire purchase agreement was developed in the United Kingdom in the 19th century to allow customers with a cash shortage to make an expensive purchase they otherwise would have to delay or forgo. For example, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price (usually a nominal sum) or return the goods to the owner.If the buyer defaults in paying the installments, the owner may repossess the goods, a vendor protection not available with unsecured-consumer-credit systems. HP is frequently advantageous to consumers because it spreads the cost of expensive items over an extended time period. Business consumers may find the different balance sheet and taxation treatment of hire-purchased goods beneficial to their taxable income. The need for HP is reduced when consumers have collateral or other forms of credit readily available.These contracts are most commonly used for items such as car and high value electrical goods where the purchasers are unable to pay for the goods directly.".
- Hire_purchase wikiPageExternalLink hire-purchase.
- Hire_purchase wikiPageExternalLink hirepurchase.
- Hire_purchase wikiPageExternalLink www.firstratecarloans.com.au.
- Hire_purchase wikiPageID "690485".
- Hire_purchase wikiPageLength "9900".
- Hire_purchase wikiPageOutDegree "43".
- Hire_purchase wikiPageRevisionID "683352248".
- Hire_purchase wikiPageWikiLink Accrual.
- Hire_purchase wikiPageWikiLink Australia.
- Hire_purchase wikiPageWikiLink Australian_Taxation_Office.
- Hire_purchase wikiPageWikiLink Balance_sheet.
- Hire_purchase wikiPageWikiLink Business_activity_statement.
- Hire_purchase wikiPageWikiLink Business_contract_hire.
- Hire_purchase wikiPageWikiLink Canada.
- Hire_purchase wikiPageWikiLink Car.
- Hire_purchase wikiPageWikiLink Category:Consumer_theory.
- Hire_purchase wikiPageWikiLink Category:Contract_law.
- Hire_purchase wikiPageWikiLink Category:Financial_economics.
- Hire_purchase wikiPageWikiLink Category:Sales.
- Hire_purchase wikiPageWikiLink Chattel_mortgage.
- Hire_purchase wikiPageWikiLink Closed-end_leasing.
- Hire_purchase wikiPageWikiLink Commercial_vehicle.
- Hire_purchase wikiPageWikiLink Company.
- Hire_purchase wikiPageWikiLink Down_payment.
- Hire_purchase wikiPageWikiLink Financial_institution.
- Hire_purchase wikiPageWikiLink Goods_and_services_tax_(Australia).
- Hire_purchase wikiPageWikiLink Layaway.
- Hire_purchase wikiPageWikiLink Lease.
- Hire_purchase wikiPageWikiLink Malaysia.
- Hire_purchase wikiPageWikiLink New_Zealand.
- Hire_purchase wikiPageWikiLink Partnership.
- Hire_purchase wikiPageWikiLink Personal_contract_purchase.
- Hire_purchase wikiPageWikiLink Rent-to-own.
- Hire_purchase wikiPageWikiLink Renting.
- Hire_purchase wikiPageWikiLink Republic_of_Ireland.
- Hire_purchase wikiPageWikiLink Sole_proprietorship.
- Hire_purchase wikiPageWikiLink Tax.
- Hire_purchase wikiPageWikiLink Title_(property).
- Hire_purchase wikiPageWikiLink United_Kingdom.
- Hire_purchase wikiPageWikiLink United_States.
- Hire_purchase wikiPageWikiLink Vehicle.
- Hire_purchase wikiPageWikiLinkText "Hire purchase".
- Hire_purchase wikiPageWikiLinkText "hire purchase agreements".
- Hire_purchase wikiPageWikiLinkText "hire purchase".
- Hire_purchase wikiPageWikiLinkText "hire purchase/installment plan".
- Hire_purchase wikiPageWikiLinkText "hire-purchase".
- Hire_purchase wikiPageWikiLinkText "installment payment basis".
- Hire_purchase wikiPageWikiLinkText "installment payment".
- Hire_purchase wikiPageWikiLinkText "installment plan".
- Hire_purchase wikiPageWikiLinkText "installment plans".
- Hire_purchase wikiPageWikiLinkText "installment purchasing plan".
- Hire_purchase wikiPageWikiLinkText "installments".
- Hire_purchase wikiPageWikiLinkText "instalment plan".
- Hire_purchase wikiPageWikiLinkText "lease-buy".
- Hire_purchase wikiPageWikiLinkText "pay in instalment".
- Hire_purchase wikiPageUsesTemplate Template:Authority_control.
- Hire_purchase wikiPageUsesTemplate Template:Refimprove.
- Hire_purchase subject Category:Consumer_theory.
- Hire_purchase subject Category:Contract_law.
- Hire_purchase subject Category:Financial_economics.
- Hire_purchase subject Category:Sales.
- Hire_purchase hypernym Term.
- Hire_purchase type Microeconomic.
- Hire_purchase type Redirect.
- Hire_purchase type Theory.
- Hire_purchase type Thing.
- Hire_purchase comment "Hire purchase (abbreviated HP, colloquially sometimes never-never) is the legal term for a contract, in which a purchaser agrees to pay for goods in parts or a percentage over a number of months. In Canada and the United States, a hire purchase is termed an installment plan although these may differ slightly as in a hire purchase agreement the ownership of the good remains with the seller until the last payment is made.".
- Hire_purchase label "Hire purchase".
- Hire_purchase sameAs Q974034.
- Hire_purchase sameAs Huurkoop.
- Hire_purchase sameAs Venda_a_terminis.
- Hire_purchase sameAs Splátkový_prodej.
- Hire_purchase sameAs Afbetaling.
- Hire_purchase sameAs Ratenzahlung.
- Hire_purchase sameAs Compra_a_plazos.
- Hire_purchase sameAs Järelmaks.
- Hire_purchase sameAs Osamaksu.
- Hire_purchase sameAs क्रय-अभिक्रय.
- Hire_purchase sameAs ഹയർ_പർച്ചേസ്.
- Hire_purchase sameAs Huurkoop.
- Hire_purchase sameAs m.0331ys.
- Hire_purchase sameAs Рассрочка.
- Hire_purchase sameAs Splátkový_predaj.
- Hire_purchase sameAs Avbetalning.
- Hire_purchase sameAs Купівля_на_виплат.
- Hire_purchase sameAs Trả_góp.
- Hire_purchase sameAs Q974034.
- Hire_purchase sameAs 租購.
- Hire_purchase wasDerivedFrom Hire_purchase?oldid=683352248.
- Hire_purchase isPrimaryTopicOf Hire_purchase.