Are you considering purchasing a smart TV for your home or business space? Would you consider a hire purchase deal for the smart TV?

Benefits of purchasing a smart TV on hire purchase terms

A hire purchase deal is a purchase contract where the buyer pays a sizable down payment to take the goods and clears the remaining debt plus interest in installments. One of the best parts about hire purchase is that it makes assets affordable. Buyers who find the cash price unaffordable settle for hire purchase and benefit from spreading the cost. Hire purchase also offers them the chance to get hands on assets quickly.

Another benefit of choosing hire purchase when in the market for a smart TV is that you will own the item at the end of the agreement. Unlike leasing where one returns the assets at the end of the contract, with hire purchase, the hirer becomes the owner.

Hire Purchase Guide for Smart TVs

To acquire a smart TV for your home or business, you are required to follow these step-by-step hire purchase guide.

1.      Selecting the smart TV

The first step when looking to acquire assets on a hire purchase deal is determining the assets you require. Smart TVs come in a variety of brands, sizes, specifications, and prices. When you determine the smart TV to acquire, it becomes easier to find a hire purchase dealer. Not every electronics shop sells items on hire purchase agreements.

2.      Paying the deposit

The second step involves paying a deposit to the hire purchase dealer. To sign the hire purchase deal, the dealer requires a certain fraction of the total cost as a down payment. The amount paid as a deposit varies from one dealer to the other. Kenya Credit Traders requires as low as 15% of the total cost as a deposit. After the down payment, you take home the smart TV and you have the right to use it.

3.      Monthly installments

To meet the total cost of the TV, one pays regular payments. The installments can be daily, weekly, or monthly depending on the contract’s specifications. One pays the installments until they clear the full amount. Interest rates charged on the installments mean that the total cost is higher than a cash purchase.

4.      Ownership transfer

The seller transfers the title to the buyer at the end of the hire purchase agreement. This is only done after the last payment is made to the dealer.

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Hire purchase has become a common financing option among homeowners in recent times. There is a wide range of items that one can acquire on hire purchase terms. You can furnish your home, remodel your kitchen, improve your business, and add new assets by choosing hire purchase.

In a hire purchase deal, one is not required to pay upfront for items they intend to acquire. You only pay a small fraction of the cost and take home the assets. You gain the right to use the assets after the down payment but only become the rightful owner after completing the payments.

Hire Purchase for Kitchen Essentials

A kitchen is a key component for any home considering that it is provides everyone the energy to tackle the day-to-day activities. Magic happens in the kitchen. It is one of the busiest parts of a home. We do the cooking in this space and store our food stuffs there too. To achieve these goals, there are different appliances we need to acquire. Here is a look at some of the hire purchase essentials you can add to your kitchen.

1.      A refrigerator

A fridge helps keep different items cold and fresh. You need a refrigerator to keep farm produce such as vegetables fresh before cooking them. We also need a fridge to keep our drinks cold and refreshing. A cold glass of water, juice or even beer can prove useful in the scorching temperatures of the summer.

2.      A gas cooker

Almost every household in Kenya is turning to gas cookers, shifting from the traditional cooking methods involving firewood. This is a measure to help protect the environment. To achieve this goal, you need to find a quality gas cooker or cooking stove. A cooking stove not only makes cooking convenient but also affordable.

3.      Microwave oven

A microwave is an essential component in any kitchen. It has a wide variety of uses such as reheating food, baking, roasting, de-frosting, and cooking. It helps save your time when you are looking to cook or reheat a meal.

4.      Digital balance

A digital scale is also one of the must-have appliances in your kitchen. It helps you measure different ingredients while cooking to ensure that you get your ratios correct. This not only promotes a healthy lifestyle but also minimizes wastage in your kitchen.

5.      Chest freezer

A chest freezer is a useful addition to a kitchen. Its primary use is to freeze fresh food and long-term storage of frozen food. A freezer is more spacious than a refrigerator and maintains low temperatures, thus keeping your food items fresh for longer durations.

All these appliances are available on hire purchase terms here. Follow Kenya Credit Traders on Facebook.

Owning a home is a dream for almost every individual. A home not only brings comfort but also peace of mind. It is the space where we retreat after the day’s activities. To create your dream living space, you need to spend on quality home furnishings. In this post, we determine why you should choose to hire purchase for furnishing your first home.

Home Furnishing Ideas

There is no need to rush when looking to furnish your house. Taking your time allows you to get better ideas and even save money. The first step towards furnishing your home is determining the priority rooms. It is essential to focus on functionality and aesthetics when planning the living space. Afterwards one can determine the furniture pieces to invest in.

Cost is without doubt one of the vital aspects that shape a homeowner’s decision when furnishing a home. Quality home furniture will cost you tens of thousands. One of the best ideas you can make is choosing hire purchase deals to acquire new furniture for your home.

Why Hire Purchase Is the Best Decision for Furnishing A Home

Hire purchase agreements are financing arrangements where one pays a fraction of the cost as a down payment and clears the balance in installments. In a hire purchase agreement, one pays a fraction of the cost every month until the total cost is completed. The biggest benefit of choosing a hire purchase deal is the opportunity to spread the cost. The installments are fixed throughout the agreement, allowing you to budget ahead and make timely payments.

Another benefit of choosing a hire purchase deal to furnish your first home is that hire purchase deals are flexible and affordable. The agreements are customized to suit your financial ability. The interest rates are also lower in comparison to traditional loans. If you are looking for an affordable way to make your first home a dream living space hire purchase is the way to go.

The best reason to settle for a hire purchase agreement to furnish your first home is that these agreements provide you with immediate access to quality items. You might have spent a lot of your savings to acquire your first home. With a hire purchase deal, you do not pay the total cost upfront. You only need a down payment to take home the asset you need and plan for the balance in installments.

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Investing in new equipment is essential for the growth of a business. One of the reasons a business needs new equipment is to enhance productivity. Modern equipment will streamline operations in your business leading to higher productivity.

You will not only benefit from efficiency, but you can also enjoy savings on energy bills as modern equipment are energy efficient. It is also an opportunity to provide your employees with the necessary tools allowing them to work efficiently. An increase in productivity is likely to result in an increase in revenue for the business. The asset value of your company also increases, giving the company more security and improving your future financing choices.

Options For Purchasing Commercial Equipment

There are three main options for a business looking to invest in new equipment.

·         Cash purchase

A business can choose to acquire equipment in a cash purchase. If the business has enough capital or savings, it can pay for the equipment upfront. In such cases, a business becomes the owner of the asset immediately and has the right to use and resell the equipment.

·         Loans

A business can also choose to utilize a loan to acquire new equipment. To qualify for a loan, the business will require to have a good credit score. The major downside of loans is the high interest rates. This only increases the total cost of a business acquiring new assets.

·         Hire purchase

A business can also opt for a hire purchase agreement when looking to acquire modern equipment. In a hire purchase agreement, the business doesn’t need all the cash upfront. You will only need a fraction of the total cost as a down payment and the balance is spread out to equal payments.

Commercial Equipment Hire Purchase Benefits

There are numerous benefits of acquiring equipment or assets on hire purchase terms. One of the benefits of a hire purchase deal is the opportunity to acquire assets without upfront payment. Companies that do not have enough capital to invest in equipment can opt for hire purchase as a faster way to get their hands on the latest equipment.

Hire purchase also allows a company to maintain a steady cash flow. By choosing a hire purchase, you will not be required to make big drawings from the business. However, you will only pay a fraction of the total cost in every month. This leaves the company with enough cash to spend on other business expenditures.

Learn more about hire purchase on our blog. Kenya Credit Traders is the leading hire purchase company in Kenya.

Hire purchase remains a financing option for homeowners and business owners. The primary aim of a hire purchase agreement is to make items that are expensive affordable by spreading the cost. In modern times, more products are available on hire purchase terms. These include household furniture, home electronics, kitchen appliances, solar energy, building materials, and others. In our post, we will evaluate the impact of hire purchase agreements on the adoption of home entertainment electronics.

The Increasing Use Of Modern Home Entertainment Electronics

Studies imply that there is an increase in the number of home entertainment users in the country. There are several factors that have a hand in the increase. One of these factors is hire purchase.

Hire purchase is a payment option for buyers in the market for home entertainment electronics. These include Android TVs, Smart TVs, Decoders, and home theaters. In the case of a hire purchase, a buyer approaches a hire purchase dealership with a fraction of the cost. If you are looking to add a smart TV in your home, you can acquire the best one by only paying a fraction of the total cost. Afterward, the remaining balance is spread into equal installments.

How hire purchase drives economic inclusion

There are indications hire purchase is playing a significant role in the increased adoption of home entertainment electronics. Primarily, hire purchase aims at driving economic inclusion and serving the underserved population. With the hard economic times, it might be impossible to save enough to acquire a home theater or a smart TV in a cash purchase. However, hire purchase allows the buyer to divide the cost and only pay a fraction of the cost every month. This option has encouraged more business owners to acquire items on hire purchase terms. Paying a small fraction of the cost in every month ensures that a buyer has enough cash to spend on other expenses.

Another reason why hire purchase options and adoption methods have contributed to home entertainment is by offering better interest rates and terms. Hire purchase is thus a better option in comparison to term loans. Fixed interest rates ensure that one pays a fixed amount as installments every month. Hire purchase agreements are also flexible, allowing the buyer to make daily, weekly, or monthly payments. It thus makes the purchase process straightforward and hassle-free.

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Hire purchase is a common financing option for high-value assets such as a car, furniture, and other household appliances. The many benefits of a hire purchase agreement are the reason behind the increase in the number of customers choosing this financing option. Hire purchase primarily aims at making items affordable by spreading the cost. Before signing a hire purchase contract, it is important to understand how hire purchase works.

How Does Hire Purchase Work?

Hire purchase is a financing option that makes expensive items affordable by avoiding upfront payment. In a hire purchase agreement, the buyer commits to signing the agreement by providing a fraction of the cost as a down payment. Afterwards, they buyer pays the remaining balance over time, with interest, until completion of the total cost.

Considerations When Looking For The Best Lipa Pole Pole Options With KCT

Before signing a hire purchase agreement, it is essential to ensure that you make a sound financial decision. The total cost of the items differs from one hire purchase plan to another due to several factors. However, cost is not the only consideration when adding assets to your home. Here are some key considerations when finding the best lipa pole pole option with KCT.

1.      Your income

Before choosing to acquire assets on hire purchase terms, your level of income is part of the primary considerations. The installments are fixed from the start of the hire purchase agreement until the completion of the contract. You need to be keen and ensure that you can afford to make timely payments before signing a given hire purchase plan. Late payments or defaults can lead to the hire purchase company repossessing the assets and the buyer loses all the payments made to that point.

2.      The duration of the contract

The length of the hire purchase agreement is also an important consideration before settling for a given hire purchase agreement. The duration affects the total cost of the assets. A long hire purchase contract will mean a lower amount in installments, but it can also lead to an increase in the total cost.

3.      Interest rates

It is also essential to pay attention to the interest rates while comparing different lipa pole pole options with KCT. It is always advisable to compare interest rates between different dealers or agreements and settle for an option that saves you money in the long run.

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When seeking to acquire assets, hire purchase is one of the financing options available. However, investing effort and time in looking for the best hire purchase dealer is important. Working with the best hire purchase dealer is the only way to guarantee quality services. This post will check how KCT invests in creating a positive customer experience.

What Is Customer Experience?

Customer experience refers to the comprehensive impression that a customer gets after interacting with a given business or brand. Customer experience includes all the touchpoints that a customer has with the business. Whether it is a physical interaction, a website, phone calls, or social media, it is essential to create a positive impression of the business. Customers who enjoy quality services are likely to remain loyal to the brand and even recommend the services or products to other customers.

How KCT Seeks to Enhance Customer Experience

Kenya Credit Traders stands out as one of the leading hire purchase brands in the country. There are several measures in place to guarantee that one experiences a positive experience when dealing with KCT.

One of the ways one can expect quality services and enjoy the best customer experience is through our interactive customer care services. There are several ways to contact KCT. If you are browsing through our website, you can easily leave a message and a customer service agent will promptly engage you. It is also possible to contact KCT through our Facebook Page. We acknowledge that social media is a powerful tool for shopping as well as communication. Our phone numbers are also readily available to ensure that a customer quickly gets help for any services they require.

Another we guarantee positive KCT hire purchase customer experience is by providing quality products. Our staff focus on delivering quality services, but as a brand, we focus on providing quality products. All our products are sourced from established brands to ensure domestic efficiency. In some cases, some products come with a warranty to ensure that any damages will be corrected immediately. We also guarantee a hassle-free purchase process saving you valuable time and effort.

The best part about our services to customers is that we personalize your experience with us. We are keen to help you improve your home or business through hire purchase. We aim to provide you a hire purchase contract that reflects your needs.

Are you considering a hire purchase agreement for your next purchase? Are you looking for high ticket items that are likely to be out of reach in a cash purchase?

Hire purchase is one of the leading purchase agreements and financing methods in modern times. The increase in the number of assets available on hire purchase terms is one of the reasons behind the growth of hire purchase. Technology also plays a vital role in enhancing access to hire purchase as a financing option for customers.

How Does Hire Purchase Work

The primary goal of a hire purchase agreement is to make assets affordable. Assets that are considered expensive in cash are made affordable in a hire purchase contract. In hire purchase, the total cost is divided into two: the down payment and the installments. The down payment is usually as low as 15% of the total cost of the asset. The installments further break down the cost into small affordable amounts. The payments can be daily, weekly, or monthly depending on the buyers’ income frequency.

How hire purchase changed customers’ lives

Hire purchase aims at improving inclusivity by ensuring customers have access to affordable financing. Customers get the chance to acquire assets quickly without having to pay upfront. This is beneficial to consumers as well as business owners.

One of the KCT hire purchase success stories is a customer looking to improve their restaurant. To achieve the goal, the customer needed several items such as a Smart TV and kitchen appliances. Acquiring the items at once would create a significant gap in their working capital. However, by choosing to hire purchase, they only pay a small fraction as a downpayment, and the remaining cost is distributed over several months. This ensures that every month the restaurant owner has enough capital to run their business.

Another KCT hire purchase success story is that hire purchase allows customers to access quality items. Quality assets are without a doubt expensive. Take the example of a homeowner who wants to replace a refrigerator in their home. A new fridge costs tens of thousands. When one cannot afford the amount in a cash purchase, they will be stuck with the old one. However, other businesses or homeowners settle for low-quality assets that are cheaper. These appliances are not energy efficient and only increase your energy bills every month. By choosing a hire purchase, the homeowner can acquire a quality fridge and benefit from it as they make the payments in installments.

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Hire purchase is one of the payment methods a buyer can choose when buying assets for a business or home. In the past, hire purchase was a preserve for high ticket items such as land and vehicles. However, in modern times, hire purchase covers a wide variety of items such as furniture, electronic gadgets, solar panels, kitchen appliances, and home entertainment. It is important that one understands the legalities of a hire purchase contract before signing the agreement. This helps ensure that one learns their rights and the level of protection offered to them.

Hire Purchase Legal Considerations

A hire purchase agreement is a purchase contract between the seller and the buyer. It outlines several factors that affect the deal between the two parties. The purpose of the agreement is to protect both the seller and the buyer. Here are some legal considerations when buying home entertainment electronics on hire purchase terms.

Aspects of a hire purchase agreement

For the hire purchase agreement to be legal, it must contain the following features.
1. Name and address for both the buyer and the seller: A legal hire purchase contract will contain information about the addresses of both parties.

2. The date of the agreement: The date when the buyer and the seller sign a hire purchase agreement should be indicated on the agreement.

3. The items acquired on hire purchase terms: The hire purchase act also requires a correct description of the items a buyer acquires from the seller on hire purchase terms. If you are purchasing a smart TV, for example, the correct description includes the brand, the size, and product name.

4. The total cost of the items: The seller ought to disclose the total cost of the items to the buyer before signing the agreement. In some cases, the seller has to provide the cash price of the items. If there are additional charges or fees, they should also be disclosed to the buyer before signing a hire purchase contract.

5. The number of installments, the date of payment, and the amount: A hire purchase aims at making items affordable by allowing the buyer to pay in installments. Defaulting usually leads to the seller repossessing the items from the buyer. The buyer should thus check the number of installments. Some dealers accept daily, weekly, or monthly payments. The date of making each payment is also part of the features of the agreement.

When a customer understands these features of a hire purchase agreement, they will make the right financial decision.

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Sustainability is the ability to afford the current needs without compromising future generations’ ability to meet theirs across geography and time. In modern times, there is a lot of focus on environmental preservation. Climate change and global warming have become central to modern policies. It is thus important to determine the impact of hire purchase and how it can enhance sustainability.

What Is Sustainability In Hire Purchase In Kenya

Hire purchase is a purchase structure that helps customers to afford items by spreading the cost. The aim of a hire purchase is to make items that are expensive in cash more affordable. The buyer avoids paying the total cost of items upfront. The hire purchase dealers allow the buyer to pay only a fraction of the cost and take home the items. The remaining balance is spread out into affordable installments to clear the cost.

Hire purchase cuts across different areas in sustainability. It seeks not only to promote environmental sustainability goals, but also promotes social sustainability.

Environmental Sustainability In Hire Purchase

There are a number of ways that hire purchase improves environmental sustainability. One such way is through making green energy affordable for businesses and homeowners. Instead of relying on carbon fuels for electricity in homes and businesses, hire purchase makes solar energy affordable. It is possible to acquire solar panels and batteries on hire purchase terms to provide lighting and other electricity needs in your home. This helps reduce carbon emissions that affect the environment.

Apart from green energy, hire purchase also promotes the purchase of quality products. Most buyers who cannot afford quality products settle for low-quality items. Cheap items are not durable and will end up being replaced within a short duration. A lot of energy, cost, and resources go into waste when they have to replace these items. With hire purchase, customers can afford expensive items. Most appliances are also energy efficient thus helping the customer save on energy bills and reduce reliance on carbon fuels. Quality is thus not compromised, and they will be less wastage on repairs and replacement.

Social Sustainability in Hire Purchase

One of the best parts about hire purchase is that it promotes diversity and inclusion. Low-income earners and middle-income workers can access quality products as they become affordable with hire purchase. Dividing the cost into small affordable payments drives financial and economic inclusion thus promoting sustainability.

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