Hire purchasepopular and straight forward
Hire purchase, popular and straight forward, offers you even greater flexibility in how you fund your car.
An initial 10-50% deposit is paid to the Hire Purchase Company (sometimes zero deposit deals are available). Affordable monthly repayments are spread across a period of between 12 and 60 months. Until the final repayment has been made, the car remains the property of the Hire Purchase Company.
Ownership or the car passes to you when all repayments have been made to the Hire Purchase Company.
The Hire Purchase Company will carry out a HPI check to uncover any potential hidden issues i.e. if the car has any outstanding finance or has been an insurance write off.