What is Hire Purchase?

At FRF Motors, you can take advantage of Hire Purchase (HP) in order to ease the process of purchasing your new vehicle. HP allows for the motorist to have a greater degree of flexibility regarding payment, and the terms can be easily discussed and arranged with your dealership.

After an initial deposit, monthly payments will be required. The amount to be paid monthly is both flexible and fluid - a high deposit to begin with can reduce overall monthly costs, for example. Similarly, if you wish to pay more over the course of a particular month, this is allowed and will incur no penalties.

If you wish to end the HP process with one lump sum, this is also permitted and can be arranged. Interest is at a fixed rate, and will be worked out between you and your dealership before payments begin.

At the end of the HP process, ownership of the car will be transferred fully to you, and you can do with it as you wish. The payments can take place over a number of months, or a number of years; the time-frame is entirely up to you.

FRF Motors holds dealerships in Swansea and Bridgend. Contact us to discuss Hire Purchase finance plans with our members of staff, and to find the finance plan that is suitable for your needs. You can use our telephone number, or enquire through the online form today.