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:
- You own the vehicle at the end of the agreement.
Considerations:
- All risks of ownership, maintenance, administration and disposal remain with you
- 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
Stuart was excellent to deal with, couldnt do enough to help and had great knowledge of all aspects of the deal. Everything was sorted easily and the service was great.
Stephen Bennett
Stuart has many years of experience in sourcing vehicles, and this immediately shows in his professionalism and knowledge of the process. He was also able to assist us on other aspects of vehicle leasing too including which options would be best for us personally, insurances etc. More to the point, he also sourced us the vehicle we wanted at a price we were happy with in an extremely efficient manner. If you want a consummate professional and a service that is personal to you and your situation then I would recommend E-Drive West Midlands without hesitation. Thanks Stuart!
Matt Munro