Hire Purchase.
Hire Purchase is one of the simplest ways of funding your motor vehicle. It offers a fixed monthly payment system with fixed interest spread and repaid over an agreed period of anywhere between 12 to 60 months.
Vehicle Finance Ltd
Hire Purchase is one of the simplest ways of funding your motor vehicle. It offers a fixed monthly payment system with fixed interest spread and repaid over an agreed period of anywhere between 12 to 60 months.
A loan is secured against the vehicle, allowing a larger borrowing limit and HP gives you additional benefits compared to a personal loan. You decide how much deposit you can afford and want to pay, usually between 10% and 50%. By financing your vehicle in this way it makes budgeting straightforward. Once you have completed your hire purchase payment period the vehicle then transfers to your ownership.
You need to decide on the amount of the deposit and the term over which you wish to spread the finance.
Lower deposit keeps your valuable personal or business cash flow available
You decide the amount of deposit to be paid and the time period payments are spread over
Fixed monthly payment makes budgeting simple
Fixed interest protects you from the constant rise in interest rates
Hire Purchase is flexible and doesn't compromise your other lines of credit
UK Tax allowances for business users entering into a Hire Purchase Agreement
No Value Added Tax (VAT) to pay
Finance packages are subject to status and finance company acceptance. UK residents only.
Representative APR .The actual APR is determined by a number of factors based on the applicant, the model and age of car and the supplier.
To find out more about how hire purchase can help you please call us on 0121 269 0078 and ask us for a quotation.