It is advisable to read a hire-purchase agreement very carefully before committing to a contract. (iii) the date on which the agreement is deemed to have begun; The amount to be paid regularly by the tenant under the contract. According to the law, a hire-purchase agreement refers to a contract in which the goods are leased and under which the lessee has the opportunity to purchase them under the terms of the contract, and includes a contract that: If the seller has the resources and the legal right to sell the goods on credit (which in most countries usually depends on a licensing system), The seller and the owner will be the same person. However, most sellers prefer to receive a cash payment immediately. (Sum of all payments + possible deposit + possible fees) 9. . . .