3. Discuss the advantages and disadvantages of buying on
(1) Hire purchase​

1)Disadvantages of Hire Purchase

The loan is secured against the vehicle: The vehicle can be repossessed if payments are not kept up.

Non-payment can negatively affect your credit rating.

The finance company are the legal owners of the vehicle until the agreement is paid in full.

2)Advantages of Hire Purchase

Kind to your cashflow. ...

Access high-spec Assets. ...

Lower interest than other funding options. ...

It is possible to claim capital allowances against tax. ...

Own the asset after the last installment. ...

Committing to ongoing fixed payments. ...

Higher cost overall. ...

Asset depreciation.

i think it would be 43 movies that would have to be watched.

step-by-step explanation:

think about it. for the second plan, every month is 8 dollars. 8 x 12= 96. so thats the number for the second plan. now for the first plan, its annual meaning you have to pay 10 dollars every year. so now you have to get an equivalent amount of 86 since 96-10=86. 86 divided by 2 since every movie costs 2$ then you would have to watch 43 movies a year to get the same as the second plan. i really hoped this . have a wonderful day as well!

10000

step-by-step explanation: divide by 2,