Hire Purchase typically consists of putting down a deposit on the vehicle and then paying off the rest of the value of the vehicle over a fixed term via monthly instalments.
You only own the vehicle after the last payment has been made.
Pros of Hire Purchase
Why Personal Contract Purchase?
Personal Contract Purchase is similar to Hire Purchase, you are loaning the vehicle from your finance company however you have three options at the end of the term.
These three options are you can return the vehicle, you can pay off the resale value of the vehicle to keep the vehicle or you can put the resale value towards a new vehicle all together.
Pros of Personal Contract Purchase
We’ve just bought 2 cars from Duncan - a service second to none. He sourced tw... Read More
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