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Investing in a new or used car doesn’t always come cheap. In fact, you will likely be spending many thousands of pounds in order to drive away in the model of your choice. As such, accessing the funds in a way that is cost effective and affordable is essential. One way in which you can easily spread the cost of purchasing is through vehicle finance, with a selection of options available from Cawdor Cars. In fact, our new car finance calculator demonstrates just how affordable securing credit for your next vehicle truly is.

When choosing the right finance package for you, you should look at the various options and get to grips with the differences. Both Hire Purchase and Personal Contract Purchase require you to pay a deposit followed by fixed monthly repayments; however, only at the end of a Hire Purchase agreement will you become the full owner of your vehicle. We always recommend discussing the schemes with a member of our sales team who will be able to tailor a quote to suit you.

Try our online finance calculator today to discover just how affordable your next vehicle can be. You can also liaise with us over the phone or via live chat in order to ensure that you’re securing the best value for money possible.

What is Hire Purchase?

When it comes to purchasing a vehicle either new or used, a Hire Purchase agreement is perhaps the most traditional and straightforward scheme you can choose. Such an arrangement first requires you to pay a cash deposit - or part-exchange - on the vehicle of your choice. You’ll then be able to select the duration of any agreement; next, you will be presented with the monthly repayments which will be fixed for the length of the contract.

What makes Hire Purchase such a popular option is the fact that, at the end of the agreed term, you will be the outright owner of your vehicle and free to do with it as you please. The repayments you make will be paying off the outstanding balance and, at the end of the term, you will become the full registered owner of the car.

Key benefits of Hire Purchase

  • Flexible contract terms ranging from 12 months to five years in length
  • Low deposits available
  • Low rates of APR meaning fixed and manageable monthly repayments
  • Full ownership of the vehicle at the end of the agreement

You can learn more about the Hire Purchase agreements available at Cawdor Cars by liaising with a member of our team today. We’ll be happy to answer any questions you may have and help secure you the best value for money possible.