Business Studies, asked by IronMan8478, 1 year ago

Write short notes on Difference between hire purchase and leasing Insurance.

Answers

Answered by sharvaridhawad
0
In a lease, ownership lies with the lessor. The lessee has the right to use the equipment and does not have the option to purchase. Whereas in hire purchase, the hirer has the option to purchase. The hirer becomes the owner of the asset/equipment immediately after the last installment is paid.
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