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?

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

Refused Car Finance Reviews

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Brilliant people to deal with and quick turnaround. I applied on the Monday had my dream car by Friday as quick as that. Went up by train to collect the car they met me outside the train station as soon as I got there. Car was as mint if not better than on pics. I asked for something specific and they got me exactly what they wanted for my budget. Trust in these people and they will help you out.

I have to say, it's been an amazing experience with dealing with Refused Car Finance. The whole team has done so well through the whole process and even gone the extra mile to address things for me that weren't necessary. Thank you to Jacob, Isaac & Richard and everyone else for all your hard work.

Amazing service from Dan and Ross. Nothing was a problem. Brilliant customer service