Hire Purchase
After choosing the vehicle you want simply pay a deposit to suit your available capital (normally 20%) and your monthly payments are then made over an agreed period.
At the end of the period, you pay a small purchase fee and the car is yours to keep, sell or part exchange if you wish for another vehicle with us. This is the simplest and most common form of finance.
All you need to do is decide upon the size of your deposit, the repayment period (normally three years), and whether you prefer a fixed or variable interest rate.
No VAT can be reclaimed in a hire purchase plan.
Key Benefits
- Allows you to own the vehicle.
- Fixed payments
- choice of repayment period
- No final payments
- Low initial outlay
- No mileage restrictions.
