Hire purchase is a simple, straightforward way to allow you to spread the cost of buying your new car. The loan is paid in regular instalments of interest over a period of months. Hire purchase is available for all our sports cars, supercars, race cars, luxury cars and prestige cars.
The balance of the loan is paid in regular instalments of interest and principal over a period of months and full ownership will pass over to you at the end of the period.
Hire Purchase is similar to borrowing an amount of money from a bank and paying it back over a fixed length of time with interest. Hire Purchase is often preferred over alternative (unsecured) loans because they allow a greater borrowing limit. The term “secured loan” means exactly that, a loan that the lender can secure against an asset (in this case, the vehicle).
With Variable Rate Options, we can link your interest to a base rate with a Balanced Payment Plan, or charge interest on the reducing capital balance with a Day To Day facility.
We offer our clients a range of equity release schemes whereby you can borrow against the value of one of your current vehicles.
A Balloon Payment can often be built into the agreement to bring down the monthly payments.
A Finance Lease allows use of the vehicle whilst paying a rental rather than a repayment.