An advantage of hire purchase to the consumer is the?

Answer Details

The advantage of hire purchase to the consumer is the possession of goods before payment. This means that the consumer can acquire the desired product without paying the full amount upfront, and instead, they make installment payments over a period of time. This allows the consumer to spread the cost of the purchase and make it more affordable. Additionally, possession of the goods before payment allows the consumer to enjoy the benefits of the product while paying for it. However, it is important to note that the total cost of the product may be higher due to the interest charged on the installment payments.