Hire purchase for home owners and tenants
Hire purchase allows you to effectively ‘hire’ a car until your final payment is made in which the car becomes owned. It is one of the most popular car finance options and allows you to spread the cost of a car over monthly instalments, whilst taking into consideration your personal budget.
You can apply online or call us on 0191 492 1919.
1st Stop Car Finance is a traditional Hire Purchase lender and focuses on your individual circumstances when making a decision on acceptance and rates. *Choose your vehicle from a car dealer of your choice, however they must hold a valid FCA interim permission number or a Financial Register Number.
Please note your loan may be written with 1st Stop Car Finance Limited or with Conister Bank Ltd.
About Our Loans31.9% APR Representative (variable)
Loan Amount: £7000
Term of Loan (months): 60 Months
59 Monthly Instalments: £216.93
Final Instalment: £391.73
Acceptance Fee: £175
Option to Purchase Fee: £175
Rate of Interest (Variable) P.A: 16.28%
Total Interest Repayable: £5840.60
Total Amount Repayable: £13190.60
Representative APR: 31.9%
Why Choose Us
- Hire purchase car loans from £2,000 to £15,000
- 31.9% APR Representative (variable)
- Loan terms from 12 to 60 months
- Any dealership *
- Single monthly repayments to keep outgoings simple