HIRE PURCHASE

Benefit from a regular payment structure with outright ownership of your car at the end of the term.


How it Works

Simply choose the car you wish to purchase, the amount of deposit you want to pay, and decide your agreement term of between 12 and 60 months.

Any deposit is deducted from the price of your car. You make regular payments based on the remaining balance plus the agreement interest.

Once all payments have been made, you will own your car outright.

Customer Benefits

  • Fixed regular payments for easy budgeting
  • Flexibility - you choose the deposit and agreement term to suit your needs
  • You own your car at the end of the agreement with no deferred lump sum to pay

Additional Benefits for Business Customers

  • Interest charges are allowable against tax
  • A proportion of the car's value can be written down against profits because it is an asset on your balance sheet (CO2 based)

Meridien Milano Ltd is an appointed representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010), whose permitted business is to act as Principal Firm for a network of Motor Dealer Appointed Representatives who act as Credit Brokers for introduction to finance providers, acting on behalf of the lender and advise on and arrange non-investment insurance contracts, acting on behalf of the insurer.