KNOW FACTS FOR HIRE PURCHASE
✓ HP financing from financial institutions.
✓ The financier is the Owner and the car buyer is the Hirer.
✓ Car ownership will be pass from the Owner to the Hirer after full repayments.
✓ The margin of financing is up to 90% of the purchase price with the loan period of no more than 9 years.
✓ Term charges (interest rates) can be either fixed or variable rates.