During the rental sale, all risks are incurred from the financing company until the last payment by the tenant, since it is until that date the official owner of the asset. When buying at rat temperature, the buyer bears the risks from day one. Similarly, repair and maintenance are the headache of the financier in the case of the rental-sale and the buyer in case of purchase at rat tempe. 8. The interest rate on the lease-purchase is paid on a lump sum and included in the rate and recovered in the form of a monthly payment (EMI). The sales contracts are very close to the purchase contracts and, in fact, the very purpose of a lease-sale is, in the end, the sale of the goods.-Nevertheless, it is appropriate to distinguish a sale from a rental purchase, since their legal facts are very different. The lease was developed in the 19th century in the UK to allow cash-shortage customers to buy an expensive purchase that they would otherwise have to delay or give up. For example, in cases where a buyer cannot afford to pay the price charged for a property as a lump sum, but can pay a percentage in the form of a deposit, a rental agreement allows the buyer to rent the goods for a monthly rent. If an amount equal to the full initial price, plus interest, has been paid in equal tranches, the buyer may then exercise the opportunity to purchase the goods at a predetermined price (usually a nominal amount) or return the goods to the owner. In addition, rental-sales systems can encourage individuals and businesses to purchase goods that are beyond their means.
You can also pay a very high interest rate at the end, which does not need to be explicitly stated. Until then, the tenant of the lease remains and the payments he has paid are considered a rental fee for the use of the goods. If the tenant is late in paying a tranche, the landlord has the right to immediately repossess the goods without refunding the amount received so far, since the property still belongs to him. The essence of the lease-sale agreement is therefore that there is no agreement to sell, but there is only a decomposition of the goods coupled with an option to purchase that may or may not be exercised.