Quartel v Parkway Motors Limited and Credit Services Investments Limited - [1970] NZLR 89

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 — Meaning of term "may buy" - Hire Purchase and Credit Sales Stabilisation Regulations 1957 (Reprint S.R. 1967/192), Reg. 2.