Circumstances under which hire purchase may be used to acquire goods and services.

Circumstances under which hire purchase may be used to acquire goods and services.

  • When the buyer does not have enough money to pay at once.
  • When the buyer desires to own luxurious items.
  • When the buyer is salaried employee or has regular income.
  • When the buyer wants to use the item immediately before completing paying.
  • When the product is expensive.



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