hire purchase


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hire purchase

n. Chiefly British
Purchase of an item on an installment plan.

hire purchase

installment plan
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hire purchase

noun credit, H.P., finance, easy terms, the never-never, installment plan buying a car on hire purchase
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References in periodicals archive ?
HIRE PURCHASE OR PERSONAL CONTRACT PURCHASE With a hire purchase agreement, you purchase the car outright but don't actually own it until the final payment is made.
Tesla Motors, a United States-based automaker, has introduced its own hire purchase finance deal for its Model S, Whatcar has reported.
The hire purchase scheme doesn't include comprehensive insurance, breakdown recovery, servicing and repairs, replacement tyres or MoT.
As part of our commitment to the scheme we're offering a one per cent reduction in the interest rate for new business loans and hire purchase.
By Simon Johnson, Lloyds TSB Commercial Finance area director for hire purchase and leasing in the Midlands As the economy stabilises, it is essential for firms to put in place long-term expansion strategies to ensure they are well-positioned to capitalise on growth opportunities.
I had the pleasure to be thanked by a company for paying off a hire purchase debt.
Darren Dance was making regular payments for a 36-inch TV, a laptop and hi-fi stereo after making a hire purchase agreement with retailer Bright-House.
Victoria Park Mazda offers three different payment plans; contract hire and purchase hire schemes for new cars and a hire purchase scheme for used vehicles.
In March, a total of Au230 million was lent through hire purchase agreements, up 24 per cent compared to the same month in 2008.
Aa Obstacles facing finance, hire purchase and sale by installments were also discussed.
The finance company cannot recover the car unless you paid less than the market value or you should have known - or did know - it was subject to a hire purchase agreement.
The customers did not know that the vehicles, which were at rock-bottom prices, were on hire purchase.