Armin Hohenadler

When a consumer returns defective goods, he is entitled to reimbursement of payments paid as consumer rights in this situation, as if the goods had been purchased directly. Unless all of these requirements are included in the agreement, the agreement itself cannot be applicable. If goods that are or become defective under a lease-sale, the responsibility rests with both the merchant and the owner (financial company). In this situation, a consumer can make claims against any party. A claim cannot be made against the manufacturer of the product. As part of a rental plan, the consumer has an obligation to properly look after the leased property. If the goods are damaged by the consumer and returned to the owner or financial company, they are allowed to send the consumer a repair bill. After the above research, we can conclude that the concept of the rental agreement is the best way to rent each item which is usually expensive to make and in the end you can even buy it if you are able. But in fact, it costs you more, because the money to miss temper is usually added with the interest and arrears of the item in question. Only the following products can be purchased when renting. All consumer goods (goods purchased for personal, family and domestic purposes) and motor vehicles Incorrect cars? Motorcycles? Cars with cars, including taxis and rental cars? Trucks with a maximum authorized weight of no more than 2540 kg and Buses, including stage buses. Consumer goods“ in section 2, paragraph 1, are defined as „products purchased for personal, family and domestic use.“ Therefore, products (excluding motor vehicles) that would normally be considered consumer goods but purchased for commercial or use purposes, z.B for consumption in the office, are excluded from the law. However, these seem to be an inconsistency.

While Section 1, paragraph 2, states that the law „only applies to lease-sale contracts for property listed in the first calendar,“ section 4, paragraph 1, mentions the lease-sale contract for each commodity.“ A lease-sale agreement can flatter a company`s roi on investment (ROCE) and return on investment (ROA). This is because the company does not need to use so much debt to pay assets. A tenancy agreement that violates one of the above conditions is cancelled and the owner who enters into such a contract is guilty of a criminal offence. Separate agreement If more than one piece is purchased, a separate lease agreement must be entered into for each item. All products that are essentially similar or complemented and sold as a whole are considered objects. A violation of these requirements invalidates the agreement and the owner of an offence under Section 4D of the Hire Purchase Act 1967. Conclusion A guarantee of a lease-sale applies in the same way as if the goods were purchased directly. The manufacturer supports the warranty.

In the event of an error on the product, the consumer may choose to repair the goods as part of the warranty or to make a full refund or exchange with the owner. Leasing is a system for purchasing property on credit, with the seller of the commodity being considered a dealer, the buyer as a tenant and the financier as the owner.