CONTRACT HIRE
2) Choose Your Length of Term
This is often calculated in months to make calculation of monthly payments easier. For example 24, 48 or 60 months.
3) Pay Initial Rental
Ordinarily 3 months worth of the monthly payments thereafter, but this can be tailored.
4) Hand back the vehicle at the end of the lease term.
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HIRE PURCHASE
1) Choose Your Vehicle
2) VAT and Deposit payment
3) Pay Initial Rental
The remaining balance is then funded over the remaining loan period
4) After you’ve paid the final payment, the vehicle is yours
Only when the final payment has been paid is the vehicle owned by you