Finance

Hire Purchase

What is Hire Purchase?

Hire Purchase could help you buy your dream Mitsubishi whilst spreading the cost. Agree an initial deposit, agreement term and monthly payment, and, subject to your application being approved, you can just drive it away. After you’ve made all the payments, including interest, the vehicle is all yours.

Hire Purchase Explained

  • Choose your vehicle
  • Borrow any amount from £1,500
  • Set payments to suit your budget
  • Repay over 1 - 5 years
  • Flexible deposit options - 0% deposit may be available subject to status
  • Balance (plus fixed interest) pay over a chosen period 1 - 5 years in equal monthly payments
  • At the end of your chosen period you will own the car after all the repayments including interest have been paid. A purchase fee of £10 is included within your final repayment.

    • Customer Benefits

  • Fixed regular payments - easier budgeting.
  • Ownership - you own the vehicle outright at the end of the agreement.
  • Choice - choose any new or used vehicle up to 10 years old.
  • Flexible terms - variable deposits and periods available.
  • Protection - You have Termination and Satisfactory Quality Rights.

    • Customer Risks

  • Ownership - you do not own the vehicle until the final payment is made.
  • Repossession - your vehicle is at risk of repossession if you do not maintain the contractual payments.
  • Insurance - you must have fully comprehensive cover.