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surya   14 May 2018

Hire purchase firm

Can a Hire Purchase firm do cash advance


Learning

 3 Replies

Aswath G   14 May 2018

Yes, You can do

but do with proper documentation and MOA

Aswath

9743885678

R.Ramachandran (Advocate)     14 May 2018

Please elaborate.  What do you mean by cash advance?  Why cash? To whom the advance will be given?  

surya   15 May 2018

To hirer for buying goods from vendors.

There is one aspect where the HP company buys the product and then advances on HPA.

In the second aspect the HP Company only pays for the product , which has been finalized by the hirer on some down payment to the vendor.

My query was in the second case can the company pay in cash ( and to what limit) for such scenario.


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