noun
an agreement for buying goods in which the buyer pays in regular installments while enjoying the use of the goods
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The company offers hire purchase options for customers looking to buy expensive equipment.
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I'm thinking of getting that new TV through hire purchase so I can pay in installments.
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I'm gonna do a hire purchase on that car to spread out the payments.
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Using hire purchase is like renting to own, but with the option to purchase at the end.