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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Mark Mccarthy

Brilliant first class service could have not have asked for a better service staff was amazing and very quick to help me get a car within two days top class will tell anyone who wants to get a good deal on getting a car

Ashley Lightner

When others were saying sorry, Refused Car Finance did not give up. They found me an offer from a lender that Carfinance 24/7 said had refused me. Thanks to Refused Car Finance I now have my new car

Darren Maguire

Absolutely unbelievable customer service and help from start to finish Dan who sorted things out was very patient with me and got me the best deal possible and when we came to sign things over it felt like I was dealing with a friend

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