Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1
Hire Purchase

Hire Purchase

Ratings: (0)|Views: 116|Likes:
Published by ashu khetan
Easy to knw Hire purchase system
Easy to knw Hire purchase system

More info:

Published by: ashu khetan on May 30, 2010
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less





By Rahul Jain
Hire Purchase is a method of acquiringassets without having to invest the fullamount in buying them.Typically, a hire purchase agreementallows the hire purchaser sole use of anasset for a period after which they havethe right to buy them, often for a small ornominal amount. The benefit of thissystem is that companies gain immediateuse of the asset without having to pay alarge amount for it or without having toborrow a large amount.
 The owner of the asset gives thepossession of the asset to the Hirer withan understanding that the Hirer will payagreed installments over a specifiedperiod of time.
 The ownership of the asset will transfer tothe hirer on the payment of allinstallments.
 The Hirer will have the option of terminating the agreement any timebefore the transfer of ownership of assets. ( Cancellable Lease)

Activity (17)

You've already reviewed this. Edit your review.
1 hundred reads
nikkinikkz liked this
nikkinikkz liked this
Godwin Morris liked this
anjankumar liked this
Loesh Waran liked this
Ankit_Heda_3641 liked this
Arjun Chhabria liked this
Rahul Mehta liked this
gaurav009007 liked this

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->