Introduction to hire purchase
Hire Purchase offers a straightforward way of spreading the cost of your asset. You will have fixed monthly repayments and a fixed interest rate for the full agreement. At the start of the agreement, you decide the amount of deposit you would like to pay, the remaining balance, together with the interest is repaid over an agreed period, usually between 12-60 months.
Hire purchase is flexible as you decide what deposit and term to pay that suits your repayment needs.
Hire Purchase Finance Examples
useful information
The benefits of Hire Purchase car finance include:
- Flexible – you decide what deposit and term to pay that suits your repayment needs
- Set Monthly Payments – you know what you are paying for the duration from day 1
- Flexibility – no mileage restrictions
- Assets – once final payment and option to purchase fee is made the title for the car is fully with you
- Cost – as you do not have a deferred payment, you’re paying off sooner therefore cost of borrowing could be less
- You do not own the vehicle until all payments and option to purchase fee have been made
- Hire Purchase monthly repayments maybe higher than other options
- Pay the option to purchase fee and the vehicle title passes to you
We understand that finance is confusing, we will talk you through it to make sure you have all the information you need to make an informed choice.
We can run comparison quotes so you can decide which plan works best for you.
Vehicle Finance
PCP Options
Personal Contract Purchase, also known as PCP, offers great flexibility at the end of the agreement, combined with fixed, low monthly payments.
Read More Hire Purchase
Hire Purchase offers a straightforward way of spreading the cost of your asset. You will have fixed monthly repayments and a fixed interest rate for the full agreement.
Read More Equity Release
Equity release is the perfect way to quickly raise capital on your assets. This is the most popular way to raise funds for a business opportunity, property, or keeping your cash flow strong with ...
Read More Lease Purchase
Also known as Hire Purchase with a Balloon, Lease Purchase is an ideal way to fund your Asset if you want lower monthly payments compared to a standard Hire Purchase deal.
Read More Refinancing
You are able to refinance your asset with us to restructure the funding you already have. We understand that your circumstances may change after taking on your agreement.
Read More Why Finance With Us?
Industry Knowledge
Our knowledge is your power
Bespoke funding
We tailor make our funding packages to suit your requirements
Personal Service
You will always have a direct line to your personal Account Manager who will deliver a class leading level of service
Competitive Rates
We are independent and will search over 30 lenders to get you the very best deal
We Care
We believe that no other company will work around you like we will, we will be available whenever and wherever you need us
We Offer More
We are working with carefully selected partners that will offer our clients exclusive discounts on products and services
Testimonials
"It was a pleasure dealing with Helen refinancing my existing agreement, Helen managed to get me a new agreement with a lower APR and a shorter term. Helen was very professional, helpful and was not pushy when it came to closing the deal. The customer service was excellent and Helen even visited my offices to make completion of the paperwork quicker and easier for me."
Alex Sumner / Audi R8 V10
"Excellent, Professional service. Helen found me the best deal on the market with a very quick turnaround."
Adrian Smith / Mclaren 570 S Coupe
"Helen has helped to fund several clients that we have been unable to fund ourselves. Helen has helped us keep the deals going profitably and made the transactions easy for both us and the clients."
Tim / The Supercar Rooms
"Fantastic Helen, Thank you very much ."
Simon Kendall / Porsche GT3 RS
"I recently purchased a car and I am very pleased with the prompt service. Helen [has] been really helpful and always on call to provide a satisfactory service. Any request or enquiry was never an issue and Helen was always available to help. Thank you so much for all your help. Kind regards, Luciana"
Luciana Losca
"I would highly recommend Lillian Stanley, the service received was perfect from start to finish.
I will be using them again without a doubt to finance more assets for my company."
Simon Davies
"Brilliant service & extremely positive experience, I would definitely recommend and use this company again."
Lance Phillips-Winter
"Helen you made it possible
From the very beginning of speaking with Helen I felt confident of the advice she was giving as well the connections and deals she could arrange for me. Helen was able to not only find a lender who would Provide the leasing but also at a better rate than any of her competitors including the supposedly “top 5 dealers” in the UK."
Duncan
"I can't believe how amazing Lillianstanley has been. Helen answered all my questions and queries without hesitation. Always at the end of an email or phone call to help and guide me through the process. Honestly would recommend them to everyone I know. Amazing!!!!! Excellent!!!"
Teresa
"One of the best experience I've had Helen was unbelievable she really looked after me cheers"
Mr R Jones
"Alex was very helpful throughout the process and the communication was top notch. I was happy to accept the bespoke finance in place for my new car and i love my new GLC as well. I would recommend to anyone for a well-tailored plan for your automobile needs."
Odunayo Bepo
"I received terms from my existing lender which did not impress me. I thought I would give Lillian Stanley a call. I immediately received a quote that was substantially lower then the one I had received .. Helen worked tirelessly to get the deal over the line and I can wholeheartedly endorse Lillian Stanley and Helen."
Robin Crozier
"Thanks so much for your recommendation just got off the phone to Helen. What an incredible lady her knowledge is second to none and someone who wants to help and most of all listen to your finance requirements. Not the typical commission breath financiers just in it for the money."
Sanjay
Cars we finance
We are able to fund all of your cars from your daily drive, weekend racer to that special restoration project.
Directly Authorised status disclosure
Lillian Stanley Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN: 838153). We act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk. For complaints information when a transaction is completed online, please also access the Online Dispute Resolution platform at http://ec.europa.eu/consumers/odr/