Hire Purchase

Simple and straightforward, a Hire Purchase agreement helps companies by removing concerns about the depreciation of their vehicle's value.

How Hire Purchase works

If your business is looking for a simple repayment plan on a new or used smart; Hire Purchase may be the answer for you. A Hire Purchase agreement begins with the payment of a deposit, which is usually between 10 and 50 percent of the retail value of your chosen smart model. A term of repayments, usually between 12 and 60 months, is also negotiated. and the level of monthly expense that you pay is dependent on three factors: the retail price of the smart, the size of the deposit paid, and the length of the repayment period. Once all of these factors have been finalised and you have paid a small administration fee followed by all your repayments, your smart is yours.

Advantages of Hire Purchase

• A simple route to ownership - Fixed payments over an agreed term
• Flexible deposit and repayment period options
• Fixed interest rate and payments throughout the life of the agreement
• No mileage conditions, meaning you can drive you smart as little or as often as you want
• And not to forget at the end of your agreement. You own your smart car.

To find out more about our offers on Hire Purchase contact us today or speak to an advisor on our live chat link above.