hire purchase

(on) hire purchase {UK} (a way of buying expensive goods by regularly paying small amounts over a period of time (= on an installment plan {American English}) — покупка в рассрочку
Also a hire-purchase scheme

Example 1: Thus the company bought the van from the trader and transferred it on hire purchase to the customer (LDOCE).

Example 2: In Europe you can buy a house on hire purchase with the first installment of around Є 50K.

Example 3: During this period, people enthusiastically adorned their homes with a dazzling range of new domestic appliances. Hire-purchase schemes allowed people to take products home and pay for them in instalments.