The company has expertise in hire-purchase
of motorcycles as it has been in the motorcycle leasing business for over 20 years.
The ratings also reflect the company's newly-purchased loan portfolio prompted by its business expansion which has not been fully seasoned, as well as the fragmented and competitive nature of the hire-purchase
(HP)/ leasing industry.
The four ways to raise money are: a loan from your bank, a hire-purchase
deal, a Personal Contract Purchase (PCP) and a Personal Leasing Plan (PLP).
The fixed assets in question are buildings and land, fixtures and fittings, car fleets, furniture and computer equipment which the institutions either own directly or for which they have signed hire-purchase
The Consumer Ombudsman has pointed out that although both packages are advertised as containing a "free computer" NIC Net is actually offering a hire-purchase
arrangement while Sonera's package is a fixed-term lease where the consumer can neither purchase the computer after the end of the lease nor install additional equipment or software.
Financed slightly differently from ordinary social housing (as a sort of association, in which occupants buy flats on the hire-purchase
principle), their 35 unit SchieBstatte project has the complexity of their earlier work (AR October 1995), in which each dwelling is given a sense of place and outdoor territory by careful manipulation of plan and section, while interiors, though partly standardized, vary according to family size, orientation and prospect.