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| glossary of terms | ||||||||||||||||||||||||||
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| hire purchase you take away the goods and can use them. You have to make regular payments and after a set length of time, when the goods have been paid for, the goods will become yours. Cars are often bought this way. You would not own the car until you have completed the hire purchase agreement - so you would not be able to sell the car until you had paid for it. | ||||||||||||||||||||||||||
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