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- Hire purchase
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What Happens if I Default on Hire Purchase Payment
Hire purchase commonly used to finance the purchase of a car or other high-value goods, is when the buyer makes a down payment and then pays the balance of the purchase price over an agreed period of time. In hire…
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How to invest in a Hire Purchase Car Business in Nigeria?
Hire purchase is a profitable, low-risk way to earn consistent returns in Nigeria. This investment model allows you to finance vehicles for drivers, who then pay in installments until they complete ownership. While the idea sounds simple, the reality is…
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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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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…