Duration: can be determined individually
Installments: along with the first installment, the VAT amount over the total sum of installments is due.
Liability for material defects: entitlements are transferred from lessor to lessee
Accounting/depreciation: depending on accounting principles
HGB: on the side of the hire-purchaser
US-GAAP: on the side of the hire-purchaser
IFRS: on the side of the hire-purchaser
Expiration of contract: through payment of the final installment, legal property is transferred to the hire-purchaser.