Hire purchase (HP) explained - Car Finance Guide

  • 📰 whatcar
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Most people buy new cars on personal contract purchase (PCP) deals, but what about traditional hire purchase - could it be more suitable for you?

You don’t own the car until the final payment has been made, so you don’t have the legal right to sell the car. If you do sell the car, the finance company might take action against you for any payments you owe.Car companies are keener for people to buy on PCP rather than HP, so they often offer ‘deposit contributions’ of up to £1500 off the cost of a car with a PCP deal.

You need to ensure the car is in good condition if you’re going to hand it back early; if it’s not, you’ll be charged for any work that’s needed to bring it up to scratch.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 554. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Why your Company Needs a Virtual Chief Information Security Officer | HackerNoonWhy should your company hire a virtual CISO to increase security? - onlinesecurity datasecurity
La source: hackernoon - 🏆 532. / 51 Lire la suite »