Hire Purchase Finance
You can spread the cost of your car, van, or motorcycle by paying in fixed monthly instalments. With terms from 12 to 60 months and a deposit amount, you can choose the right payment plan that suits your budget. When you have paid off the finance agreement, and settled the option to purchase fee, the vehicle becomes yours. You can enjoy a one month payment holiday before your first instalment is due, with interest calculated from the day your agreement starts.
Hire Purchase +
Our combination loan of Hire Purchase (HP) and personal loan can help you afford that little bit extra with your vehicle purchase. You could use this product to clear up any negative equity on your current vehicle because our HP+ product delivers up to 130% of the CAP retail value. Up to 100% of the retail price +£1000 can be placed on the HP component, with an additional 50% of the retail price placed on the Personal Loan component.
When you have paid off the finance agreement, as well as the option to purchase fee, the vehicle becomes yours. You can enjoy a one month payment holiday before your first instalment is due, with interest calculated from the day your agreement starts. The Personal Loan is designed to be used for:
- Settling a previous finance agreement (contra-settlements)
- Vehicle extras/accessories