Here at Burcombe Cars we believe everyone should be able to get the car finance they need to own a reliable car of which they can be proud. All our cars are HPI-checked. Whether you’re looking for a family car, your first cherished motor or even just looking to upgrade your old ‘runabout’ then come and chat to us!
What is car finance?
The product we use is called Hire Purchase, otherwise known as HP. It is one of the most popular types of financing cars as you can pay off the balance in affordable monthly instalments at a fixed rate of interest. The credit is secured against the vehicle being purchased and you are paying a fixed monthly payment over an agreed term. You will own the vehicle once all monthly payments and an option to purchase fee has been paid in full.
Hire Purchase - Pro’s & Con’s
- Simple to arrange
- Fixed monthly payments
- Fixed interest rates
- Flexible term lengths 24-48 months
- Cars HPI checked
- Vehicle belongs to you after final payment
- Particularly suitable for purchasing vehicles
- The vehicle belongs to the finance company until you pay your final payment
- If you don't keep up your repayments your vehicle will be at risk of being repossessed
- Hire Purchase is not suitable if you are planning on paying off your loan within a short period of time
Peter Cackett t/a Burcombe Cars
Registered Office: 85 London Road, Amesbury, SP4 7EQ
Authorised and Regulated by The Financial Conduct Authority
Membership No. 619347.
CALL US NOW: 01980 623 793