Hire Purchase is one of the finance products offered by Suzuki Finance to help spread the cost of buying a car. It’s a great choice if you want to own your car at the end of the agreement.
Suzuki Finance owns the vehicle for the duration of the finance agreement. You will become the owner of the vehicle after all the repayments including any interest has been paid.
You choose your deposit at the beginning of the agreement, and then pay equal monthly repayments with a fixed interest rate, over your chosen period. After you’ve made all the repayments including any interest you will become the owner of the vehicle.
You can:
- Borrow any amount from £3,000 for new vehicles and from £2,000 on used
- Repay over 1-5 years depending upon the age of your vehicle
- Decide on the deposit you would like to pay (no deposit may be available, subject to status)
Our dealers will be able to talk you through the Hire Purchase options available to you, and will be able to answer any questions you might have.
Hire Purchase is ideal if you want to own your car outright at the end of your agreement.
Other benefits of Hire Purchase include:
- Flexible deposit options
- Fixed interest rate and monthly repayments (including any interest) over your chosen period (1-5 years)
- Fixed monthly repayments to suit your budget
- You won’t be restrained to a certain mileage
- Choose any new or used car as long as the car is less than 14 years old at the end of the agreement
Before you decide whether a Hire Purchase agreement is right for you, it’s worth remembering that:
- You won’t own the car until you’ve made your final repayment, including any interest
- You won’t be able to sell or modify your car over the length of the agreement
- You bear more risk of depreciation than with PCP, which means if the vehicle’s value depreciates faster than expected, you will continue paying the fixed monthly repayments