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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
  • Can Limit your choice of vehicle
  • Depreciating asset.
 
 
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