HIRE PURCHASE - THE TRADITIONAL WAY TO BUY YOUR CAR...

Hire Purchase enables you to simply choose how much deposit you wish to pay upfront and the period of time in which you wish to repay the loan, making it easy to budget.

Your deposit is paid on delivery of your new vehicle, leaving the balance plus interest paid over the agreed period in equal monthly instalments. At the end of the agreement, subject to a nominal option to purchase fee, you take outright ownership of the car.

Interest is calculated at the beginning and it is therefore fixed for the length of your agreement. This means that the amount you pay is unaffected by any future changes in interest rates, allowing you to plan your monthly budget with confidence.