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A hire purchase (HP) contract is a type of finance lease where the user has the option to purchase the asset at the end of the hire period, typically for a Regulation on hire purchase and financial leasing of cars or Asset Finance & Leasing from business finance solutions such as hire purchase, contract hire and
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Hire Purchase VS Finance Leasing | Total Funding Both offer tax advantages. Finance leases treat payments as deductible expenses, while hire purchase allows capital allowances on owned assets. . Sources.
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