Hire Purchase (HP)

Traditional Hire Purchase is a favoured method of funding. It is designed to provide a fixed term funding with eventual ownership.

Key features and benefits:

  • Low initial outlay, usually 10% of the vehicle price.
  • Fixed monthly repayments.
  • No VAT on payments.
  • Vehicles are treated as an asset and will therefore appear on your balance sheet.
  • At the end of the agreement and all monies have be paid, you will own the vehicle.

At Research Garage Group we offer plans that are suited to a variety of motorists and budgets, and we will help you to find the right agreement for you. All our plans are simple and straightforward. We are on hand to guide you through making your decision, and will make sure you fully understand the terms before you sign up.

If you would like to find out more information on the finance options available, contact either of our three dealerships