Hire Purchase

Hire Purchase is the traditional system for personal purchase of vehicles.

This method requires a deposit, typically 10% of the purchase price of the vehicle, followed by fixed repayments over a period of between 12 and 60 months.

Settlement figures can be obtained at any time during the hire purchase agreement and are calculated by the Rule of 78 which will normally provide a "rebate of interest charges."

Upon completion of the hire purchase agreement the vehicle becomes the property of the customer.

Substantial savings are available over and above the level of discount normally received by individuals from dealers. For examples of the savings that can be made, see our latest deals.

The benefits of hire purchase are:

• Substantial discounts available
• Minimal initial outlay, typically 10% of the purchase price
• Fixed Repayments
• Settlement figures available at any stage
• Any vehicle equity retained