Smarter Commercial Hire Purchase
A Commercial Hire Purchase plan can help you finance your car if you only need it for a predefined period and good news – you won’t have to pay the full price of the car! With options like these, having a vehicle at your disposal is that much simpler!
When you take up a Hire Purchase agreement with one of our lenders, you are “hiring” the car from a financial institution for a rental fee. Instead of repayment of the loan, the financing institution holds the ownership of the car as security and will expect you to take the very best care of the vehicle while it is in your possession. Because you don’t have to pay the full amount of the car, you can greatly save money on the use of the car and just like an installment plan, you have the option of spreading out the costs over a period of time.