Hire Purchase

A type of leasing popular in the UK and a few smaller European states. It is almost identical with “Financial Leasing” or “Contract Purchase"Contract Purchase" is a form of leasing... More”. “Hire purchaseA type of leasing popular in... More” is used mainly for vehicles and equipment, while “Financial Leasing” is used also for real estate. Hire PurchaseA type of leasing popular in... More contracts emphasize the obligation to purchase the leasing asset at the end of the contract, while “Financial Leasing” contracts sometimes have asset-return options /purchase is just a possibility/.