A vehicle paid on hire purchase allows the total cost to be spread over a period of 2-5 years. It is an extremely flexible finance solution with no limitation on mileage usage and caters to those of us who put down a larger deposit or nothing at all up front.
The example above illustrates the ease in which this finance scheme can be tailored to you, it is important to note that all hire purchase agreements mean that you will own the car outright.
Choose your Deposit
Choose your Term
Make your payments
Disadvantages of Hire Purchase agreements:
Whilst Hire Purchase is convenient for those of us hoping to own our vehicle outright, it is a more expensive finance scheme than Personal Contract Purchase. No amount is offset towards the end of your contract and payments are spread evenly. Once your vehicle is three years of age, then you are responsible for MOT expenditure.
To discuss how you can finance one of our approved used cars on Hire Purchase, please visit or contact us using the details below. If you know the terms and the vehicle you require then you can submit a finance application (using the form below) and we’ll get you started through the process of driving your next car with Charters. It’s just another thing we cheerfully do.
Charters of Aldershot Ltd is Authorised and Regulated by the Financial Conduct Authority in respect of insurance mediation activities only. Registered Address: Charters of Aldershot Ltd, 251 Ash Road, Aldershot, Hampshire, GU12 4DD. Registered in England Company Number 00637140
Everybody hates the dreaded MOT but Charters Peugeot of Reading makes it even easier for you to book your MOT online. Whether you've received a reminder or are planning ahead, use our online form and we'll get you through your next test