Contract purchase

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Revision as of 15:04, 15 May 2014 by imported>Doug Williamson (Create the page. Sources: FTI & WWCP Guide to Treasury Best Practice & Terminology, 2004 and The Treasurer, May 2014, p33, Paul Lippitt, "Funding the Fleet".)
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A form of conditional sale where the user of an asset has the option to acquire ownership at the end of the contracted period, in return for making a series of finance payments including a final balloon payment.


Contract purchase is similar to contract hire, with the additional feature of the purchase option in favour of the end user of the asset.


See also