If you choose to pay for your car with a Hire Purchase Agreement, our prime lenders can now delay the first payment by 60 or even 90 days, so you can get the car you need now and only start paying in February 2022
Hire Purchase is a flexible finance option designed to help you purchase a car via monthly instalments. Once you’ve paid your final instalment, you’ll own the car.
We offer the terms that work best for you - could include a zero or low deposit option, or a part-exchange agreement that uses your current car as a deposit. We also enable you to set a manageable budget and stick to it – and you know exactly what you’ll be paying and when it’s due to be paid.
When it comes to establishing a finance deal, you’ll be supported by one of the Carwise experts – from the very first step until the end of the process. We’re here to help you organise a plan that’s right for you – working around your budget and preferences, while keeping everything as straightforward as possible. Finance is fully regulated by the Financial Conduct Authority (FCA), meaning you can trust the guidance you receive from Carwise.
We work with many trusted, industry-leading finance partners who specialise in providing highly competitive vehicle finance packages. We can tailor a finance agreement for you regardless of whether you are a private, individual, or business user.
Financing the purchase of your new car can be arranged quickly and easily with our in-house team of Finance Specialists using a panel of lenders with very competitive rates. The application process is simple and a decision can be given almost instantly regardless of your credit history.
• Little to no deposit – keeps personal or business cash available
• Fixed monthly payment – makes budgeting simple
• Assets – you gain ownership of the car at the end of the contract
• Control – you decide the deposit, you decide the term
• Flexibility – doesn’t compromise your other lines of credit
Please note you will not own the vehicle outright until all payments are made. If you default on your finance payments, then the vehicle may be repossessed by the finance provider.
You must be 18 years or older to apply for finance.
Finance is not guaranteed, and any finance application is subject to a credit check and individual circumstances.
Representative examples aim to show the typical costs associated with the purchase. Actual figures may vary based on individual circumstances.
The finance provider will have their own Terms and Conditions. Make sure you understand the full terms before signing the contract.