Hire purchase is a popular way of spreading the cost of a car. We pay the supplying
dealer for the car (minus any deposit you have paid) and you repay us, with interest,
over a fixed term between 24 and 60 months.
You will know exactly how much you have to pay us each month, meaning that you can
budget easily and work out which car you can afford. There are no hidden extras
or charges.
With hire purchase, you will own the vehicle outright at the end the agreement and
non-business customers benefit from protection under the Consumer Credit Act.
It’s important to remember that you will be required to keep up repayments for the
whole term, even if your circumstances change. Also, you will not have any protection
against an unexpected fall in value of the vehicle during a hire purchase agreement.
If you don’t keep to your side of the agreement, we may repossess the car from you.