Hire Purchase Llanelli

Purchasing the car of your dreams could not be any simpler, with our Hire Purchase finance packages. At Smile Car Finance Llanelli, we present variable and unique packages to our customers which make repayments on your car low-priced and effortless. But what exactly is Hire Purchase finance?

Hire Purchase finance is a common method of car financing, which involves securing your perfect car with an agreed-upon amount of deposit, and paying off the remaining balance of the total with equal monthly repayments for a specified amount of time. You may also want to think about using a hire purchase finance calculator to ascertain the amount of deposit you can afford before finding a motor. The price of these equal repayments is calculated by how much the car is worth at the point of sale, how much deposit is put down to secure the car and the length of time in which you and your dealer agree upon, as to when the vehicle will be wholly paid up. At the end of the finance deal, when you have made your last payment to the dealership, the vehicle is yours to keep and you will be the owner.

The amazing thing about Hire Purchase finance is that you can agree on a deposit cost with the dealer, and this determines the amount of money which will be paid back every month, making it an exclusive deal for your situation. For example, if you pay a large deposit, you will have smaller monthly repayments throughout the specified amount of time of your contract and vice versa. Hire purchase for vehicles usually lasts about five years, although that specific amount of time will be organised with your dealer to suit your needs.