Why may customers prefer to buy on credit purchase rather than on hire purchase?

      

Give reasons why customers may prefer to buy on credit purchase rather than on hire purchase.

  

Answers


Maurice
(i) Goods are released as the customer is the legal owner.

(ii) Goods cannot be repossessed.

(iii) It is a cheaper method of purchasing.

(iv) Ownership of goods is passed on to the buyer immediately.

(v) There is no deposit required or down payment before goods are released.
maurice.mutuku answered the question on August 16, 2017 at 06:29


Next: What measures can be taken to improve parastatals' efficiency in Kenya?
Previous: What changes have taken place in the transport sector in Kenya?

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions