Hire Purchase – The Features
A Hire Purchase agreement is one of the simplest forms of funding and offers a fixed monthly payment along with a fixed amount of interest spread and repaid over an agreed period of time.
Decide how much deposit you want to pay(normally between 10 – 50%) and decide the term between 12 and 60 months. This method of fixed term finance makes financial budgeting very easy.
Hire Purchase is also available with a final “balloon” payment.
How it Works
Pay a deposit and decide on your term of between 12 and 60 months.
Decide if you want to opt for the final “balloon” payment.
Hire Purchase – The benefits
Fixed payment – Ideal for budgeting
Flexibility - Not using your personal bank facility with a vehicle purchase gives you greater financial flexibility.
Fixed Interest – protects from any potential rise in interest rates.
Low Deposit – Doesnt tie up valuable cash reserves.
Tax benefits – Speak to one of our Client Managers about tax benefits for business users.
No VAT - There are no VAT payments on hire purchase agreements.
Call 08455 193 293 or apply online for a FREE QUOTATION.
All finance packages are subject to status and finance company acceptance. UK residents only.
VIPcarfinance are a division of AutoVIP Group Ltd.
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