Personal Hire Purchase


After paying an initial deposit, the balance of the purchase price is repaid by monthly payments. The agreement can be between one and four years sometimes five years, and when all the payments have been made you become the owner of the vehicle. These options are appropriate if it is important to you to retain your vehicles.

The benefits to you:

  1. You own the vehicle at the end of the agreement.

Considerations:

  1. All risks of ownership, maintenance, administration and disposal remain with you
  2. As you are paying for the vehicle in full you may need to consider that a larger deposit might be required at the start of the agreement, with larger monthly payments over a longer period of time.
 

Not sure if this is right for you? Take our 1 minute "Which finance option is best for me?" or get in touch and we'll help you

Testimonials


Diane Wilson - Brite Start Cleaning Ltd Testimonial

Stuart was very helpful and answered all the questions I needed to know and searched for the best deal.

Diane Wilson - Brite Start Cleaning Ltd

Adam Smith - Director ASK & Farebrother Smith Testimonial

I was looking for 2 vehicles for my company ASK Mobile Phones, a commercial van and a 4x4. The deal on the commercial van was very competitive and the admin and delivery was as smooth and easy as it could be.

Adam Smith - Director ASK & Farebrother Smith

What is the best funding option for me?