Finance Products for Private Individuals
Hire Purchase – For Businesses and Private Individuals
The oldest and most traditional method of acquiring a vehicle, other than
outright purchase, where you repay the capital cost of the vehicle plus
interest over a set period.
Benefits for Private Individuals/Business Users
No huge deposit required
Fixed monthly repayments
Fixed interest rate
Keeps savings intact
Outright ownership
Disadvantages
Monthly repayments are higher than other finance packages
