Pay attention! Borrowing money, costs money

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Rent buy

In the case of hire purchase, a financier lends you money to buy a specific object, for example a car. You then repay the purchase amount to the financier in parts. Only after payment of the last installment you are the full owner of the product. If you are unable or unwilling to pay back at a given moment, the installments already paid are seen as rent payments. The right of ownership expires and you can return the item to the seller.

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