Car hire purchase
A traditional method of buying your new car is Hire Purchase. This form of finance is similar to a personal loan. It involves fixed monthly payments over a time period between 12 to 60 months. Once you have made all your payments you own the car.
Hire purchase benefits
The benefits of hire purchase include:
- Other credit requirements are not affected as the loan is secured on the vehicle.
- Fixed interest rates and monthly payments
- Low and zero deposit deals available
As car loan lenders are tightly regulated you gain many advantages such as receiving a reduction on interest in the event of settling early. Personal loans often incur penalties for early settlement.
How car hire purchase works
- Choose upon a deposit that suits your budget
- Select a comfortable number of installments and monthly payment
- At the end of your installments you own the car
To start an application for hire purchase simply request a quote using the below form.
Car hire purchase Enquiry
