Buying a new car on 'Hire Purchase'

What is Hire Purchase?

Hire Purchase works as all finance agreements do, with a monthly payment. Your monthly costs are determined by the amount you wish to deposit and how long you would like to spread the payments over which is usually 1-5 years. Deposit amount is entirely up to you, whether you would like to put down a small deposit or 80%, it’s 100% your choice. With Hire Purchase, you will not own the vehicle until your last payment has been made.

Is it for you?

Using Hire Purchase (HP) can be the simplest way for you to finance your new car and this has long been the traditional way to invest in a quality new vehicle.

Throughout the contracted duration, the loan is secured against the car, meaning you will not own the vehicle until you have made your last payment.

The legal entities within Snows Group are authorised and regulated by the Financial Conduct Authority (“FCA”). Details of FCA permissions (and our trading names) can be checked via the FCA register https://register.fca.org.uk.

Snows Motor Group Limited is an Appointed Representative of Snows Business Holdings Limited who is authorised and regulated by the Financial Conduct Authority in insurance distribution activity only. Snows Business Holdings Limited FCA register number: 309925.

Snows Motor Group Limited is a Credit Broker and not a lender. We work with several carefully selected credit providers, including manufacturer finance companies, who may be able to offer you finance for your purchase. Finance is subject to credit acceptance to UK residents (excluding the Channel Islands) aged 18 or over. Guarantees and indemnities may be required. Terms and conditions apply.

Snows Motor Group Limited is directly authorised and regulated by the Financial Conduct Authority for Consumer Credit Activity (Limited Permissions). Snows Motor Group Limited FCA register number: 685889.

Discretionary rates / Commission disclosure

We have a fixed interest rate policy and we may be paid a fixed commission by the finance provider for introducing you to them. This introduction does not amount to independent financial advice.

For your reassurance, the amount of commission we receive from a lender does not have any effect on the amount that you will have to pay to the lender under your credit agreement. The lender will always set this.

Heading

Contact

Buying a new car using Hire Purchase from Snows

What is Hire Purchase?

Benefits of HP

Do you have a car on Hire Purchase?

Is it for you?

START YOUR CAR BUYING JOURNEY RIGHT HERE