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Hire Purchase

The Traditional Way To Finance Your Vehicle

It's simple, just choose the amount that you wish to pay as a deposit and the length of time you wish to repay over.

The Benefits Of Choosing Hire Purchase

  • Fixed monthly rentals for ease of budgeting
  • Monthly payments are not subject to VAT
  • No mileage restrictions
  • Taxation benefit from writing down allowance 
  • LCV's acquired on Lease Purchase should be eligible for the Annual Investment Allowance 
  • LCV's acquired on Lease Purchase are required to pay VAT upfront as a lump sum

How Does It Work?

  1. During the repayment period, the amount you borrow plus the interest are repaid by fixed monthly payments. The interest charged is calculated at the beginning and is fixed for the length of the agreement.
  2. The interest charged will remain unaffected by any future changes in interest rates, allowing you to plan your budget with confidence.
  3. At the end of the agreement, subject to payment of a nominal Option to Purchase fee, you take outright ownership of the car.