Hire purchase offers a straightforward way to spread the cost of your new vehicle. With this method of finance you have a fixed rate of interest with fixed monthly payments, making budgeting simple and easy. At the end of the contract period the vehicle becomes your property.
The benefits of Hire Purchase:
- Low deposit – keeps valuable personal or business cash available
- Control – you decide the deposit, you decide the term
- Fixed monthly payment – makes budgeting simple
- Flexibility – doesn’t compromise your other lines of credit
- Assets – you gain ownership of the car
- Tax benefits – Tax allowances for business users
- VAT free – no VAT on payments
To speak to one of our advisors about arranging Hire Purchase for your next vehicle please call 028 2565 6000 or request a Quotation.
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