What are the costs for leasing and hire purchase?
The interest rates depend on several factors such as the purchase price of the goods [below £10,000 the rates are higher than for purchases over, say £50.000] and your credit status. The monthly or quarterly costs also depend on whether or not you pay a deposit and whether you finance the balance over, for example, 21, 23 or 24 months in the case of a two year lease.
