What is another word for hire purchase plans?
Pronunciation: [hˈa͡ɪ͡ə pˈɜːt͡ʃɪs plˈanz] (IPA) 
There are several synonyms for the term "hire purchase plans." One commonly used phrase is "installment plans," which refers to a payment scheme where a buyer pays for a product or service in regular installments over a set period of time. Another synonym for hire purchase is "rent-to-own," which refers to a way of purchasing a product by making regular rental payments until the full price has been paid. Other synonyms that are commonly used include "lease-to-own," "deferred payments," and "rental agreements." These terms all describe various payment plans that allow consumers to purchase goods and services over time without having to pay the full cost upfront.
