Serving your Needs with Mind and Care
Serving your Needs with Mind and Care
Hire purchase (HP) is a financing arrangement where you can acquire an item by paying for it in installments over time. You start using the item immediately but don't own it until you've made all the payments.Â
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Leasing is the process of granting the right to use an asset or property from the lessor for a specified period in exchange for payment as per agreed terms.Â
Factoring is a financial process where a company or business sells its accounts receivable to a financial company or factor at a discount from the face value, in exchange for immediate cash.Â
A maintenance lease is a rental agreement that includes upkeep and servicing responsibilities by the lessor, ensuring the leased item remains in good condition during the lease term.Â
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