banking chronicle Moreover, a Lease Purchase agreement is based on either a fixed or variable rate. The monthly instalment can be reduced by the inclusion of a balloon. <b>Contract Hire</b> In Contract Hire, a rental agreement is made between the supplier and the customer.bsc chronicle Here the customer hires the asset for a fixed period of time and after the completion of the period, he returns the asset to the supplying dealer. With contract hire, the customer gets the chance to use the new asset without the risks associated with ownership banking service chronicle book
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