Hire Purchase is a suitable form of car finance for people who struggle to get other forms of credit such as personal loans,
people with all kinds of credit ratings as well as people who do not want to pay cash for a vehicle.
It is a convenient way to pay for a vehicle based on budget and credit profile so you can get monthly payments which are affordable.
Hire Purchase is one of the most common types of finance, it is really simple – you hire the vehicle and make fixed monthly repayments until you have paid off all of the agreed finance. There are no surprises at the end of your agreement such as balloon payments or mileage restrictions. The entire car price is spread across your agreement term and once all monthly payments have been made the car becomes yours, making it one sensible option for borrowing.
If you have bad credit and are looking for car finance, then we can help. We specialise in helping customers who may have experienced bad credit in the past and who want to obtain finance for their next car purchase.
Do you have a CCJ? Are you in an IVA? Are you self-employed? We have helped customers in all sorts of circumstances. Our car finance specialist team are friendly and approachable and we understand that everybody’s credit ratings and situations are different, which is why we base our decisions on your current affordability and not just your history.
We want to help you find your perfect car that suits your needs at an affordable monthly cost.
We have partnered with the Money Advice Service so we can provide you with access to helpful tools which can enhance your knowledge on money management.