What is Hire Purchase?

If you are looking for car finance in Newcastle and Gateshead, you will find competitive rates on Hire Purchase agreements at Hodgson. We represent Toyota, Mazda and Suzuki and have many car finance options available on these models.

Hire Purchase is a popular way to fund your new car with a view to owning it outright by the end of the agreement.

With a Hire Purchase plan, you make an advance deposit of between 10 and 50 percent. The larger the deposit you can afford, the lower your monthly payments will be.

You then pay back the equivalent of the rest of the value of the car at a competitive rate of interest. The length of the term is negotiable up to around five years, and at the end of it you will own the car.

Hire Purchase

To speak to one of our sales specialists about financing your car with Hire Purchase, please contact us online or phone us directly.

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