Hire purchase (HP) is a finance agreement where you hire the car for a set period of time by paying fixed monthly payments. Then at the end of the agreement you have the option to become the legal owner by paying an option to purchase fee.
Your fixed monthly payments will be based on how much you want to borrow and the length of your agreement, which is usually between 1 and 5 years. During this time you are the registered keeper of the car and responsible for insurance, road tax and maintenance. Anytime during or at the end of your agreement, you have the option to pay the balance in full, including an option to purchase fee, and become the legal owner of the vehicle.
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|Cell||option to purchase fee.||Cell|
once all the repayments have been made, including the option to purchase fee, the car becomes yours. You can choose to repay the finance company early however you may be charged penalties.
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Company Address :
Carzu.com Carzu is a trading style of Car-Finance.net Limited. Car-Finance.net Limited FRN FRN:679612 is an appointed representative of Jigsaw Finance Limited which is authorised and regulated by the Financial Conduct Authority FRN 679612. All financial applications submitted to Carzu are processed and/or administered by Jigsaw Finance Limited. Jigsaw Finance Limited is a Broker not a Lender.
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All finance is subject to status and income, applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.
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