Hire Purchase Dealers Companies in Malaysia

A hire purchase dealer company is a company which allows customers to purchase goods through a hire purchase agreement. This type of company is common in Malaysia and is used by many people to buy items such as cars, furniture and electrical goods.

Under a hire purchase agreement, the customer pays an initial deposit and then pays monthly instalments over an agreed period of time. The goods are not owned by the customer until the final instalment is paid.

Hire purchase dealer companies are regulated by the Malaysian government and must follow certain rules and regulations. These companies are required to disclose all fees and charges to the customer before the agreement is signed.

Hire purchase dealer companies are a convenient way for people to buy goods which they may not be able to afford outright. However, it is important to remember that the customer does not own the goods until the final payment is made. This means that if the customer defaults on the payments, the goods can be repossessed by the company.