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Next, specify the vehicle information and payment terms. This agreement provides an option for payment of a residual fee.Edit a professional Hire Purchase Agreement online for free. Easy customization for leasing, financing, and more. Together they form the agreement between you and us and the Guarantor and us. Capitalised terms have the meaning set out in the Hire. Edit, sign, and share hire purchase agreement for a car online. No need to install software, just go to DocHub, and sign up instantly and for free. Entering into a hire purchase agreement can be of great benefit in today's world. Our free templates and this guide can help you get started.