What is Hire Purchase?

Sometimes called Commercial Hire Purchase, buying a car on Hire Purchase fits people who plan to use their car for business purposes. Here, the lender purchases the car for you then you hire it from them for a fixed term. At the end of the term, you will own the car.

Why choose Hire Purchase?

BETTER CAR OPTIONS

Buying a car on Hire Purchase increases your choices. You can get a car of a newer model & higher specification than if you were to buy one outright.

CONTROLLED HIRE PURCHASE INTEREST RATE

The Hire Purchase interest rate remains the same throughout the entire term. This means you pay a fixed monthly instalment even if the bank’s interest rates rise.

TRANSFER OF OWNERSHIP

As mentioned above, you will own the car at the end of the term. The lender automatically transfers ownership of the vehicle to you after you’ve settled your final monthly payment.

NOTE: Loan terms may differ based on the assessment of a person’s financial profile.

Why Finley Finance?

We do our best to make the process of car financing as smooth as possible, from Hire Purchase comparison to settlement.

Once we get your enquiry along with the necessary information, we’ll proceed with Hire Purchase comparison led by your dedicated Finance Specialist. We’ll see which options from our network of partner lenders fit your requirements best.

Then after you select the best option for you, we’ll also help you with the application. First, we’ll help you prepare the documents needed. Then once we’re all set, we’ll apply with the lender on your behalf. By applying industry best practice & with our in-depth knowledge of our partners’ lending processes, we endeavour to achieve approval in the quickest time possible. We’ll keep you updated during the entire process.

If you’re also looking to refinance hire purchase agreements, we could help you check your options as well.

Still looking for the perfect car? We can also help!

Other than helping you in buying a car on Hire Purchase, we can also assist you in finding the right car based on your needs & finance approval.

Got bad credit? No problem!

We know that certain events in life can hurt one’s credit score. If this applies to you, you don’t have to worry. Finley Finance could help you get the car you need no matter what your credit history says.

Want to get a quote? It’s easy!

To get a quick quote, just click the button below. Alternatively, you can also call  1300 945 332.