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…
How Long is the Payment Period for Hire Purchase Car?
Thinking about getting a car through hire purchase but unsure how long you’ll be paying for it? You’re not alone. Many Nigerians, especially those in public services (Bolt, Uber), logistics, or private transportation, are turning to hire purchase as a…