Talk:Hire purchase

message: As indicated above, I have no access to current laws. I have therefore limited this draft to general principles common to all the jurisdictions. Hopefully, there are no major errors. But, I sincerely hope that up-to-date practitioners from the Commonwealth will take the time to review this material and modify as necessary. David91 21:04, 3 August 2005 (UTC)
thread_title: First draft

message: I'm pleased that you're a law professor Chris, but the problem with Rent To Own and Hire Purchase is that neither article has any cited sources.  It seems that a lot of discussion is going into this topic, but until someone takes the time to start citing some facts I don't think we have an article that will survive the test of time in either case.  If we lack one well cited article of the two, I don't see the harm in merging them as technically they both could be flagged for deletion.  Alan.ca 02:31, 1 December 2006 (UTC)
thread_title: Please don't merge 

message: Looking over this discussion it seems like the consensus is not to merge closed-end leasing here so I'm removing the merge tags. If you disagree you can add them back. Tocharianne 17:44, 31 December 2006 (UTC)
thread_title: No merge consensus

message: According to http://www.gizmohighway.com/history/sewing_machine.htm it was Isaac Merrit Singer originator of the Singer sewing machine "Singer was Brilliant at selling his machines and with a lawyer named Clark he set up the first ever hire purchase scheme." Ewlyahoocom 16:37, 15 May 2007 (UTC)
thread_title:  First ever hire purchase scheme? 

message: Lease purchase redirects here.  Lease option still exists and refers to lease purchase.  I see there has been a discussion about merging.  I want to introduce yet another wrinkle -- lease purchase by governments particularly in the United States where projects are built without a bond issue but rather via a "lease" with a an agency.  This is used to build many of the modern prisons in the U.S. as financing a new prison normally would be opposed by the populace via conventional bond methods.  Americasroof 05:37, 20 September 2007 (UTC)
thread_title:  Lease purchase should go to disambig

message: I think this article doesn't touch enough on the economic aspect of the arrangement (no math =(). I was informed that the way the interest is calculated on HP basis is different from typical calculation. __earth (Talk) 01:59, 11 October 2007 (UTC)
thread_title:  Economics 

message: The article contains practically no information about the growth and decline of hire purchase use, even in the UK. This is important because HP hasn't been a mainstream consumer purchasing method in Britain for at least 30 years and possibly longer, apart from in a few specialist areas like vehicle purchase for people with very bad credit scores. Almost all non-cash purchases are financed by unsecured loans with finance companies arranged by the retailer, or by credit card borrowing. The article needs to explain why this decline happened - unfortunately I don't have the expertise to do this. --Ef80 (talk) 20:55, 21 October 2009 (UTC)
thread_title:  Historical context 

message: Why do you restrict this universal financing system to "It was developed in the United Kingdom and can now be found in China, Japan, Malaysia, India, Australia,Jamaica and New Zealand."??? See at least all the other wiki articles!!195.4.78.22 (talk) 05:57, 4 June 2011 (UTC)
replies: text: This particular page is about the Hire Purchase system, which is not a universal financing system. In the U.S., for instance, we use the term Installment Plan, which has different meaning, giving the "hirer" less rights than the Hire Purchase system does. Chainsol (talk) 14:42, 3 October 2011 (UTC)
thread_title:  (Nearly) universally spread sstem 

message: I've removed a summary from the end of the section titled "The hirer's rights", as it added nothing to the article, and only served to confuse the reader. Chainsol (talk) 14:40, 3 October 2011 (UTC)
thread_title:  The Hirer's Rights - Summary?