Hire Purchase
We offer highly competitive hire purchase products through our parent company Billing Finance. We do not credit score, instead we assess cases on a deal by deal basis.
What is it?
Hire Purchase is a traditional method of funding offering monthly payments tailored to your own personal requirements.
So how does it compare to standard finance options?
- It attracts fixed rate interest.
- The plan is designed to help you change your car regularly.
- The balance is paid off in full over the period of agreement.
Is this only available on new vehicles?
No, Hire Purchase is designed for new and used vehicles, provided that at the end of the contract the vehicle is less than 10 years old with no limitation on mileage.
What extras can I have?
We can arrange payment protection and GAP insurance. We are fully FSA regulated. Insurance is important as it could protect your payments if you fell ill or wrote off your vehicle.
What happens if I exceed the mileage?
There are no mileage limitations on this type of plan.
What happens at the end of the contract?
- The vehicle is yours.
- You can part exchange the vehicle with the deposit for your new vehicle being deducted from the proceeds.
What other costs are involved?
- We require 10% deposit on all vehicles.
- An document fee is spread across the life of the agreement.
- An option to purchase fee payable at the end of the agreement.