Circumstances under which hire purchase may be used to acquire goods and services.

Circumstances under which hire purchase may be used to acquire goods and services.

• When the buyer does not have enough money to pay at once.
• When the buyer desires to own luxurious items.
• When the buyer is salaried employee or has regular income.
• When the buyer wants to use the item immediately before completing paying.
• When the product is expensive.

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