Hire purchase, by definition, means paying for a product in regular instalments while having the use of it.
In finance, Hire Purchase is one of the simplest way to obtain credit for a vehicle. Clients need only pay a relatively low deposit before hiring a car, with option of buying it at the end of a contract. Involving a deposit of around just 10% of the value of a car, Hire Purchase means you can hire the car until you can afford to buy it outright.
Unsurprisingly rates are usually highly competitive for new cars, but much less so for used cars.
If you want to use a broker for this service, MyInfinity Finance will help. Our Vehicle Finance can help you secure funding via either HP or Asset Finance, Lease Purchase, etc. We enable you to keep that cash flow going at a steady rate while allowing the asset to be recorded on your balance sheet.
Our typical term rates range from 24-48 months. At the end of the lease term, the provision of the final balloon payments will result in the vehicle becoming yours. Sound good?
To find out more about our Vehicle Funding, or other types of loans, simply click here.
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Trading/ Registered Address: MyInfinity Finance Limited: Suite 20, River drive, Cookson House, South Shields NE33 1TL.
MyInfinity Finance Limited act as a Credit Broker and are not a Lender.
We do not charge our clients for any of our services but may receive commission from any lenders that we are successful in obtaining you finance from. We will never ask you for any upfront payments. Our services are for UK Businesses only.
Support Phone: 0191 300 9124
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