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How to register for Hire Purchase in Edo State?
Are you living in Edo State and you’re looking for how you can register your car for hire purchase, worry no more, there are companies that got you covered. There’s more to it than just handing over your car and…
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Advantages and Disadvantages of Hire Purchase
Buying a property, vehicle or costly assets with hire purchase has become a popular way for individuals and businesses in Nigeria. Whether you’re a driver trying to get your first car or a business owner looking to expand, understanding how…
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What is Hire Purchase Act of Nigeria?
Whether you’re a buyer, seller, or investor if you’re considering a hire purchase agreement in Nigeria, it’s crucial to understand your legal rights and responsibilities. One key part of the Hire Purchase Act of Nigeria is Section 9, which plays…
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What Are the Two Types of Hire Purchase?
Hire purchase is one of the most popular ways to acquire vehicles, appliances, and other high-value items in Nigeria and across the world. Whether you’re a business owner, a private buyer, or an investor in the transport industry, understanding the…
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Hire Purchase Car Company in Benin City
Are you living in Benin City and dreaming of owning a car without breaking the bank? Are you an investor who wants to invest in hire purchase? Good news — hire purchase car companies in Benin City are making it…
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Difference between Hire a Purchase and Loan?
In making investment decision so many people are faced with deciding which financing option is best for them, to opt for Hire Purchase or Loan? The both may seem the same because you get what you need now and pay…
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How to invest in hire purchase
Hire purchase is financial instrument here a buyer acquires an item of relatively high amount (car, machineries etc) by paying in instalment while differing full ownership until final payment. In Nigeria where access to credit facilities is low with higher…
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What is the ROI on car hire purchase?
Return on Investment (ROI) is a measure used to evaluate the profitability of an investment relative to it cost. It can also be referred to as the ratio between net income and investment. A high ROI means the investment’s gains…
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How much for Hire Purchase monthly
Hire purchase is a method that allows an individual to get a vehicle by paying in instalment while using the vehicle. This vehicle may be for family use, uber/bolt, logistics, taxi, etc. The amount to be paid for your hire…
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- Blog, Hire purchase
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What is Hire Purchase
Hire purchase also known as Instalment plan is financial arrangement for buying expensive goods and services and paying in instalment. With a hire purchase agreement, the buyer makes a down payment and pays the remaining balance plus interest in instalments…