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Hire Purchase
Hire Purchase is mostly commonly adopted by individuals or companies when ownership of the vehicle is of value.
Hire Purchase is the most traditional method of financing a vehicle with the vehicle becoming the property of the lessee at the end of the period. It is purely a finance package and does not include maintenance or other added-value services.
An initial deposit is paid and the remaining balance is settled by equal monthly payments over the agreed period. The deposit and repayment periods can be adjusted to suit the budgetary requirements of the customer.
Customers should bear in mind the loan itself is secured against the car and will not own the car untill the final payment has been made.
The benefits of hire purchase are listed below:
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► Accurate monthly budgeting ► Improved cash flow ► Minimum capital expenditure ► Fixed interest rate
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►Capital allowances available ► Reduced administration ► On going advise and support ► Ownership of vehicle
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Contact us for more information on 0845 124 6952 (local rates apply)
