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.

Visit our store and view different smart TVs available on hire purchase terms.