---
alternate_lang: de
category: Library
date_added: '2026-04-05T19:59:37.809724+00:00'
date_modified: '2026-04-05T19:59:37.809736+00:00'
description: Hire purchase comes in two varieties, genuine and non-genuine hire purchase.
keywords: []
lang: en
title: Hire purchase
type: article
url: http://leasing-pilot.com/en/know-how/library/hire-purchase/
---



1. [Know How](/en/know-how/)
2. [Library](/en/know-how/library/)
3. Hire purchase

# Hire purchase

Hire purchase comes in two varieties, genuine and non-genuine hire purchase.

Hire purchase comes in two varieties, genuine and non-genuine hire purchase.  

The more common **non-genuine hire purchase** corresponds to a purchase against payment in instalments with a fixed agreed transfer of legal ownership upon payment of the last instalment.   

The less common **genuine hire purchase** is a mixture of rental and purchase contract, where the hire-purchaser initially rents the asset, but has the right to buy the asset at any time or at the end, whereby the rental payments made to date are (partly) credited.




### More in this category

[Financing of Software Licenses](/en/know-how/library/financing-of-software-licenses/)
[Leasing](/en/know-how/library/leasing/)
[Leasing - advantages](/en/know-how/library/leasing-advantages/)
[Tax differences Leasing vs. hire purchase](/en/know-how/library/tax-differences-leasing-vs-hire-purchase/)
[Sale & lease back](/en/know-how/library/sale-lease-back/)
[Input tax/VAT](/en/know-how/library/input-taxvat/)
[Utilisation rate](/en/know-how/library/utilisation-rate/)
[Does equipment leasing offer tax advantages?](/en/know-how/library/does-equipment-leasing-offer-tax-advantages/)
[How do leasing and hire-purchase agreements fit in with financial covenants?](/en/know-how/library/how-do-leasing-and-hire-purchase-agreements-fit-in-with-financial-covenants/)
[Maintenance costs Part of the leasing rate within the meaning of Sec. 8 No. 1 German Trade Tax Act (GewStG)](/en/know-how/library/maintenance-costs-part-of-the-leasing-rate-within-the-meaning-of-sec-8-no-1-german-trade-tax-act-gewstg/)
[Disclaimer](/en/know-how/library/disclaimer/)