Commercial Hire PurchaseCommercial Hire Purchase
Commercial hire purchase is a form of arrangement where a piece of machinery can be ‘hired’ by paying a sum of money each month when buying the machine is not an option. The machine is ‘hired’ at the pre-determined monthly payment amount and when all payments are complete the machine can then be purchased or returned. Commercial hire purchase is preferred when the buyer cannot afford to buy a machine in full at the time of needing to purchase the machine.
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