In message <0CE%E.email@example.com>, Mike
Post by Mike
Hire purchase as it was then, was commonly referred to as ‘The Never Never’
and as I understood it, this generally meant that one ‘never never’ seemed
to end paying * for it. I think this term may now apply to En’n’Emma in
more ways than one!
*There was of course the ‘Option to Purchase Fee’ that one was required to
pay at the end - has anyRat heard of anyone paying up to the last payment
but not paying the option to purchase fee???
I don't think it's common now for things bought "on credit" - with the
possible exception of cars, where the periodic payments arguably include
a maintenance component rather than just being paying off a loan, i. e.
it's a lease with option to purchase rather than being a simple credit
I wouldn't be surprised if some of the companies offering purchase on
credit get away with charging an _early_ payoff fee, though, if you
decide you want to overpay the instalments.
J. P. Gilliver. UMRA: 1960/<1985 MB++G()AL-IS-Ch++(p)***@T+H+Sh0!:`)DNAf
"Dook, that was great but I think the line needs
awe. Can you do it again, giving it just a little awe?"
"Sure, George," said Wayne and looking up at the cross said:
"Aw, truly this man is the son of God."
(recounted in Radio Times, 30 March-5 April 2013.)