It’s never been more affordable to realise your aspirations of owning your own supercar, classic car or prestige car, thanks to the variety of finance options available.
As a car finance specialist we’ve been helping many discerning clients secure affordable and manageable funding for the car of their dreams through monthly repayments, tailored to their individual circumstances.
We are transparent in our approach to financing, and we want everyone to be able to make informed decisions – so we created this guide to explain how car hire purchase works, including its main features and benefits.
BUYING A CAR THROUGH HIRE PURCHASE
Hire purchase has been a favoured form of used car finance for many years, chiefly because of its simplicity, and the fact that the monthly payments remain constant throughout the finance agreement.
Like financial markets in general, recent years have seen huge growth in the products available for financing car purchases.
With the growth of new alternative methods of funding a car purchase, providers have had to respond to remain competitive, and have done so by increasing the scope and variety of their purchase plans.
Just like buying a suit, you don’t have to settle for something ‘off the peg’, because specialist lenders are now competing in the classic and super car financing market, with products that reflect the individual buyer’s own circumstances, and their plans for owning and eventually re-selling the vehicle.