Hire Purchase (HP) is a car finance option offered by Hendy Car Store.
There are four steps to HP:
- You will agree an amount you need to borrow to purchase your chosen used car from the Hendy Car Store (less any deposit or part exchange).
- We will contact the motor finance company for you which, subject to credit checks, pay for the car for you.
- You will make fixed monthly payments to the motor finance company for the agreed term.
- At the end of the agreed term, the car is yours.
The finance paperwork for HP will clearly state the cost of the car, the deposit you have made and the amount of interest you will be paying on the amount borrowed.
Please note the car will be used as security for the loan, just as a house is for a mortgage.
Benefits of choosing HP as your finance option:
- HP is quick and easy to arrange
- You will only need a small deposit for the agreement
- There are flexible terms to suit your needs
- Interest rates are fixed and competitive
Please do not hesitate to contact us to discuss HP or any other finance option for your next used car. We have a large range of used cars in stock, updated daily.
Call us on
01392 954 633