What is Hire Purchase?
Many of our customers choose Higher Purchase plans due to their easy and efficient way of purchasing a vehicle over a length of time, relative to budget. The main way it differs from a regular vehicle loan is because the vehicle is not owned until it is fully repaid.
If you choose a Hire Purchase agreement with us, you will pay a deposit and then regular monthly amounts. The terms of the agreements are fundamentally different from a personal loan, mainly because the lender can ask for the car back if repayments are not followed through with.