At In Herts Motors, we operate as a credit broker, not a lender, and have partnered with some of the UK's leading finance providers,. This enables us to offer a range of finance solutions tailored to your needs, with flexible deposit options that can even start from a 0% deposit.
We understand that arranging finance can feel overwhelming, so we have detailed the two main finance products available below. From there, you can proceed with our simple online application, and our award-winning finance team will assist you throughout the process.
Hire Purchase (HP) is another popular way to finance used cars, offering a straightforward approach to owning a vehicle. Under an HP agreement, you make fixed monthly payments for an agreed period, usually between 3 to 5 years. These payments cover the total cost of the car, along with any interest applied.
Once all payments, including any option to purchase or completion fees, have been made, the vehicle becomes yours. An initial deposit is often required, although there may be options for a 'zero deposit' agreement depending on your circumstances.
HP is ideal for those who want to own the car outright and are comfortable with consistent monthly payments. It allows you to spread the cost over time, making it easier to manage.
However, if you prefer changing vehicles frequently, HP might not be the best option, as the agreement must be settled before you own the car. This can be done by either paying off the remaining balance or part exchanging the vehicle with a dealer, such as through In Herts Motors.