You are not buying
the item by instalments, so you will not own it at the end of the lease.
Not exact matches
Lay -
by allows you to pay for an
item in
instalments, but unlike a rent to buy deal, you don't have to pay interest, fees or charges.
One third of households led
by people aged 55 to 64 still had a mortgage and 38 per cent had credit - card or
instalment debt (basically a payment plan for purchasing an
item).»