Leasing is like renting; you pay for use. Hire Purchase is like buying on installment; you pay for ownership. For Kenyan SMEs, owning the asset is usually better as it builds the company's balance sheet and provides collateral for future expansion.
Leasing is like renting; you pay for use. Hire Purchase is like buying on installment; you pay for ownership. For Kenyan SMEs, owning the asset is usually better as it builds the company's balance sheet and provides collateral for future expansion.