We can provide finance for people who have had difficulties obtaining credit in the past,
if we can’t approve you, we don’t think anyone can!

Hire Purchase

What is hire purchase?

Hire purchase is available for a range of different vehicles. So whether you are looking to get a car, van, motorbike or a caravan, hire purchase agreements could be the ideal option for you.

Under a hire purchase agreement there is usually a deposit to pay followed by fixed monthly repayments. The car is not owned by you until you have made all of the payments. It’s a popular car-buying option as if gives you the freedom to decide at the end of your contract whether you wish to own or give back your vehicle.

At a glance:

✓ Low deposit and interest rates

✓ Flexible repayment terms

✓ No lump sum at the end of the term

Signing documents with a pen

Think hire purchase is the right type of finance for you?

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Car Hire Purchase

With fixed monthly payments through car hire purchase, getting a car on finance couldn’t be easier. Spread the cost of your next car in a way that suits you by determining the length of your contract from 12 – 60 months. Once you’ve paid off your loan, there is a small option to purchase fee that needs to be paid before you own the car.

You are only required to put a small deposit down at the beginning of your loan which is usually no more than 10%. You can then benefit from monthly instalments over a flexible repayment term of between 12 – 60 months.

Hire Purchase Car Finance

WHO CAN WE HELP?

At Refused Car Finance we can help anyone get hire purchase finance as long as you can prove your affordability, are over 18 and have lived in the UK for 3 years or more.

acceptBad / poor / average / good / excellent credit ratings all welcome

acceptAny employment status, including unemployed

acceptThose who have been declined elsewhere

If you are unsure if this car-buying option is the most suited to you, then you may want to take a look at our personal contract purchase and personal loan options.

Get Car Finance Today

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Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews

Refused Car Finance Reviews

4.90 Average

89 Reviews

sorted me out with a great car finance deal despite my poor credit history, I recommend them

Jacob was friendly, Enthusiastic and knowledgeable, found me a great deal on my finance considering my low credit rating !!! Many thanks !!!

Excellent communication and the rep Dan kept me informed of all updates and rang me on time he said excellent all round service