Hire purchase still commands a 25% share of the market. This is available to both companies and private individuals who wish to purchase their vehicles outright.
Hire purchase is designed to allow you to spread the cost of your vehicle over a period of time making it easier for you to budget and giving you complete ownership at the end of the term.
Main benefits of hire purchase
- Fixed regular payments for easy budgeting
- Variable deposits
- Complete ownership at the end of the agreement
- No deferred lump sum to pay
- No restriction on the type of car
Hire purchase - how it worksOnce you have chosen a car, one of our Business Managers will tailor your repayment to suit the amount of deposit you wish to use and your monthly expenditure.
The term of the agreement will be between 12 and 60 months and the deposit you pay will be deducted from the price of your chosen vehicle.
You will then pay the remaining balance every month until the end of the agreed term where you will then own the vehicle outright.
For a quotation, help, or advice contact your local dealership and ask to one of our Business Managers.