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Leasing Finance

Last Updated: 23rd Jul 2018

How Does Hire Purchase Work?

Hire Purchase agreements allow you to purchase a car over a period of time by making a deposit followed by fixed monthly payments. You agree on the duration of your agreement and the amount of you wish to pay a deposit. This helps work out how much your monthly payments will be. Following that, you will pay the monthly amounts and the interest on top of that for the period of the agreement.