Read why a Hire Purchase could be the ideal way for you to buy a new or used Peugeot from Wilsons.
Hire Purchase is flexible and cost-effective. Similar to a personal loan, you make monthly payments over an agreed period of between 12-60 months with a set level of interest. When you repayments are finished, you own the car.
Start using your vehicle straight away once your Hire Purchase agreement is in place.
No penalties or extra charges if you pay off your Hire Purchase earlier than planned,
It's easy to adjust the deposit amount and the agreement length to suit your needs – you may even find a zero deposit deal available. Typically a term lasts between 12 and 36 months, with an instalment due on the same day every month. The payment amount and your interest rate will both be fixed, so you've no nasty surprises.
The vehicle you choose becomes the security for your finance agreement so Car Hire Purchase doesn't affect your credit file like other forms of credit may do. However, it does also mean that, if you don't keep up your payments, then the car could be repossessed and you may still be liable for the outstanding balance.
Whilst the agreement term is running, you are not allowed to sell the vehicle or get rid of it.
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 Hire Purchase works
Find out more, get a quote or apply now: call Wilsons on 0844 244 7100 or enquire today