Credit Services Investments Limited v Quartel - [1970] NZLR 933

Hire purchase — Nature of transaction — Contract for lease of motor car — Monthly payments — Residual value fixed — On termination car to be sold — Lessee to receive credit over residual value — Whether contract a hire purchase agreement — Purpose or effect of arrangement — Whether ordinary business dealing — Circumventing regulations — Hire Purchase and Credit Sales Stabilisation Regulations 1957 (Reprint S.R. 1967/192) Regs 2, 8(b).