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What is the Difference between hire purchase and a finance
Lease?

Question Posted / gaurav mathur


What is the Difference between hire purchase and a finance Lease? ..

Answer / venkata krishna

hire purchase is applicable to movable assets,and here we will get owner ship rights only after end of the final installment.but in the case of lease there is no chance of getting the ownership rights.it is an agreement only.mostly it is applicable to immobile properties.

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