How Hire Purchase (HP) works
We buy the vehicle on your behalf. You pay a deposit and make agreed monthly repayments over an agreed timeframe. At the end of the agreement, you pay a pre-agreed fee to become the legal owner of the vehicle. This is called a Completion Fee.
This option is available for cars and Light Commercial Vehicles (LCVs), such as vans.
Over 18’s subject to status. Finance eligibility criteria apply
Pay the deposit
You put down a deposit of around 10% of the vehicle price and pays the remaining cost of the vehicle over the term of the agreement.
Your deposit could include the part exchange value of your current vehicle.
Fixed repayments
Monthly repayments are fixed during the agreement and spread equally throughout the term. The agreement is up to five years (60 months).
If you’re unable to keep up with your repayments, we may repossess the vehicle.
Warning: You may have to pay charges if you pay off a hire-purchase agreement early. |
Warning: If you do not meet the repayments on your hire-purchase agreement, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL-agreement in the future. |
Check out our exclusive virtual showrooms
- Visit our virtual showroom on CarsIreland
CarsIreland.ie
- Visit our virtual showroom on Donedeal
DoneDeal