car hire purchase

lease purchase. with lease purchase theloan is secured on your car part of the loan, known as a balloon payment, isdeferred to the end of the term keeping the monthly payment lower. at the end ofthe agreement you must pay the deferred amount from either your own funds, selling or part-exchanging the vehicle, or using a second finance agreement. the benefits toyou are it's available for both new and older cars, plus there are no mileagerestrictions and you benefit from lower monthly repayments. the drawbacks arethat the deferred payment must be made at the end of the agreement and there isno option to return the car to the lender in addition the amount of theoutstanding balloon may be higher than

the actual market value of the car atthe end of the term, resulting in a negative value being due. plus, you donot own the vehicle until a final

car hire purchase,payment including interest has been made lease purchase may be suitable if youwant lower monthly payments and can afford the final repayment or will refinanceyour car or another car at the end of the term. plus you are free of anymileage restrictions.