A hire purchase agreement is a type of credit agreement between a buyer and seller. People typically enter into these contracts to buy products.1. The owner will let and the hirer will take on hire the vehicle more particularly described in the Schedule hereto. 2. Massachusetts has a sales and use tax on buying or transferring motor vehicles or trailers. 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. Download Massachusetts Purchase Agreement template, modify and send for signing using BoloForms Signature. Maznita bought a computer under hire purchase agreement for two years.