Here at First Response Finance, we offer Hire Purchase (HP) agreements, which means you pay for the car of your choice in fixed repayments.
When you apply, we look at your credit history, income, employment status and some further details to see if finance is the right decision for you.
If your application is approved, here's what you can expect to happen:
- Pay a deposit on the car and borrow the rest from us.
- We'll send the funds to the car dealership (usually within 15 minutes), so you can get on the road quickly.
- You'll repay the loan on a schedule that works for you (i.e. weekly over 48 months, or monthly over 36 months). With interest added, the total amount you repay will be higher than the amount you borrowed.
- Once the final payment is made, the car is officially yours.
A deposit isn't always needed - it all depends on your credit limit and the car of your choice.