1. Hire Purchase
Are you considering your dream car, but need a flexible and accessible financing option? Make your automotive dreams a reality with Hire Purchase Car Finance!
What is Hire Purchase?
Hire Purchase is a form of financing whereby a Hirer is willing to enter into a contract for purchasing a vehicle. A down payment will be paid by Hirer and the balance payment and interest is made as an instalment plan over a period of time. The ownership of the vehicle will be automatically transferred at loan maturity or when full payment is made.
How it Works?
Down Payment
A down payment is an initial non-refundable sum a buyer pays upfront when purchasing a vehicle. It represents a percentage of the total purchase price of a vehicle.
Monthly Instalments
After the down payment, the remaining payments are made by obtaining a vehicle loan. This vehicle loan is paid over a period of months as instalments, and it covers the cost of the vehicle and interest.
Ownership Transition
The ownership of the vehicle will automatically be transferred upon loan maturity or full payment of the loan, whichever is earlier.
Key Advantages
Accessible
Financing
An ideal option for those with limited funds.
Predictable
Payments
Budgeting is easy with fixed monthly instalments.
Drive While
You Pay
Pay as you go - no need to wait until the total is repaid.
Ownership
at the End
After the last payment, ownership is transferred to you.
2. Balloon Scheme
Ever wondered how to make your car ownership dreams a reality without hefty monthly payments? Enter the world of Balloon Scheme – a smart and flexible way to hit the road!
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