Professional Documents
Culture Documents
Chap 22
Chap 22
Chapter 22
1. Lease financing
2. Leasing in India
3. Rights, obligations and responsibilities of the lessor
4. Rights, obligations and responsibilities of the lessee
5. Types of leases
6. Advantages and disadvantages of leasing
7. Hire purchase
8. Difference between leasing and hire purchase
9. Instalment-purchase system
10. Difference between hire purchase and instalment
Disadvantages of Leasing
No ownership
Long-term expense
Cost of maintenance
Restrictions on use of equipment.
Termination of the contract in case of default.
Indian Financial System, 5e
By: Bharati V. Pathak
Hire Purchase
In the event of any default by the buyer, the seller can take
back the possession of the goods, and the
money paid by the buyer will be adjusted as rent for using the
assets.
Indian Financial System, 5e
By: Bharati V. Pathak
Difference Between Lease and
Hire Purchase