What is HP?
A Hire Purchase (HP) Agreement is a credit agreement. With Hire Purchase you hire an item (a car, a laptop, a television) and pay an agreed amount in monthly payments. You do not own the item until you have made the final payment.
A Hire Purchase (HP) Agreement is a credit agreement. With Hire Purchase you hire an item (a car, a laptop, a television) and pay an agreed amount in monthly payments. You do not own the item until you have made the final payment.