What is hire purchase Archives

Requirements for Hire Purchase Car in Nigeria

The hire purchase system is one of the most popular ways of owning a car in Nigeria, especially among commercial drivers. Instead of paying the full cost of a car upfront, hirers (drivers or individuals) can take possession of the…

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…

Can Bolt Drivers Get Cars on Hire Purchase?

Yes, bolt drivers can get cars on Hire Purchase. Bolt drivers are drivers that run commercial transportation of people within a state. Individuals who are unable to get a car at one-time payment may consider getting it through hire purchase.…

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…

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…

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