A hire purchase agreement is a type of credit agreement between a buyer and seller. People typically enter into these contracts to buy products.PAR's Buyer Agency Contract includes all of the legallyrequired language and allows for a buyer's broker fee to be structured in several ways. 1. The owner will let and the hirer will take on hire the vehicle more particularly described in the Schedule hereto. 2. 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.