Gene 發問於 商業及金融稅金香港 · 1 十年前

What is the difference between Mortgage & Hire Purchase?

thank you~!


Mortgage : people also need to pay the installments in order to get back the items,

I still don't understand their difference, can anyone explain in details???

Thank a lot!!!! =P

3 個解答

  • Samuel
    Lv 4
    1 十年前

    For Mortgage, the legal title of the assets belongs to the buyer. A mortgage is a method of using property (real or personal) as security for the payment of a debt.

    In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged.

    For Hire Purchase, the legal title transfer to the buyer once he pays the final instalment. Defn of HP -- In cases where a buyer cannot afford to pay the asked price as a lump sum but can afford to pay a percentage as a deposit, the contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price (usually a nominal sum) or return the goods to the owner.

  • ?
    Lv 6
    1 十年前

    Mortgage Loan is a kind of loan.

    Hire Purchase is a kind of purchase.

    So:- Mortgage is you loan from other (Bank) a kind of liability

    ......Hire Purchases is you want to purchase some thing (Car) a kind of willing "to purchases."

  • 1 十年前


    Hire Purchase係分期付款,信用咭果種﹏