O-LevelCommerceFinance7100/12 · Oct/Nov 2013 · Q391 Mark
Anand wishes to buy a van for use in her business. She has decided to finance the purchase by using hire purchase. Why is hire purchase the best source of finance for Anand to use?
AInterest rates will be lower than for all other sources of finance.
BNo interest is paid on the purchase.
CShe can use the van and spread the repayments.
DShe will repay the debt within 30 days.
✓ Correct answer
C: She can use the van and spread the repayments.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Finance and see which topics are most likely to come up next.
Sign up free →