If, like many motorists, you require affordable vehicle finance to purchase your next car, it pays to be fully aware of the purchasing options that are available to you. One of the most popular - and straightforward - is a Hire Purchase agreement. Hire Purchase is, in essence, a secured loan on the vehicle you’re buying. This means that, should you be unable to keep up with the payments, the vehicle may well be taken away.
There are many benefits to a Hire Purchase agreement, notably the fact that you can take advantage of paying an initial deposit followed by affordable monthly repayments. These monthly payments represent the paying off of the outstanding value of the vehicle. At the end of the agreement, the vehicle officially becomes yours.
Hire Purchase arrangements represent a great way to become the owner of the vehicle of your choice without having to part with many thousands of pounds in one go. In addition, it’s a form of finance that is often available to everyone, even those unable to secure preferable rates of APR on a personal loan. And, of course, once the vehicle is officially yours, you’re able to do with it as you please, with nothing further to pay. Enjoy many years of motoring, part exchange for a new model, or sell at your leisure.
The sales advisors at Master Car Sales in Hitchin are vastly experienced in helping drivers across the region get behind the wheel of the very best models for the very best price. Once you’ve found a model among our lineup that suits you, get in touch with them today to discuss your options and learn more about whether a Hire Purchase agreement is the right form of finance for you. We look forward to helping you find the ideal vehicle soon.