ADVANTAGES OF HIRE PURCHASE TO A BUYER

  1. The buyer has easy access to credit, which ordinarily he would not have obtained from the bank.
  2. The buyer enjoys the use of goods even when he has not fully paid for it.
  3. Hire purchase helps a buyer to acquire exorbitant goods, which he would not have been able to buy with cash.
  4. Hire purchase helps to make life meaningful to a buyer who would not have been able to pay immediately.

Leave a Comment

not allowed!