Description

AGREEMENT FOR HIRE-PURCHASE OF A CAR THROUGH A FINANCE COMPANY

• This is a "Editable Template Format" for "Hire Purchase Agreement".
• You can add or remove any terms and conditions.Legally required clauses are already mentioned in Format.It is advisable to register/notorised the document.
• Hire-purchase of a car through a finance company allows individuals to purchase a car by paying for it in instalments over a period of time, rather than paying the full cost upfront. The finance company owns the car during the duration of the hire-purchase agreement, and the buyer makes regular payments until the car is fully paid for and ownership is transferred to them. This type of car purchase is often used by people who do not have the funds to pay for a car in full and want to spread the cost over time.
• "car finance," "hire-purchase car," "car loan," "car instalment payments" and "car ownership transfer."