FREE, FAST UK DELIVERY ON NEW VEHICLES - FAIR PRICE PROMISE GUARANTEED
BRAND NEW VEHICLES FROM UK DEALERS - PART EXCHANGE AVAILABLE
LOW / NIL DEPOSITS AVAILABLE - FAIR PRICE PROMISE GUARANTEED
BESPOKE DEALS FROM 2-5 YEAR CONTRACTS

Hire Purchase is a finance contract that hires a van to you for the term you agree, where upon completion of all the payments within the contract allows you to take ownership of the vehicle.

Hire Purchase does not allow you to defer any amount to a final lump sum payment. There are finance products available that allow you to do this, please ask for further details.

Finance rates for Hire Purchase varies from lender to lender, but once agreed the rate remains fixed for the agreed contract term.

What deposit do I need and how does it work?

Hire Purchase providers will expect the VAT element of the purchase price along with an agreed additional amount when purchasing a commercial vehicle. For cars the amount is simply a lump sum, this can vary from lender to lender but 10% of the purchase price is usually a fair guide.

Repayments can be spread over any number of months usually between the range of 24 to 60 months. More commonly contracts are written on either 24,36,48 or 60 months terms.

Hire Purchase providers charge fees for their services, this is normally referred to as an initial upfront fee that is generally payable with the deposit and an option to purchase fee, generally payable with the final payment.

Hire and Lease Purchase are accounted for as assets to your business therefore they appear on your balance sheet.

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