Business Hire Purchase

Hire Purchase

Choose the level of deposit you want to pay and an agreement term. Your deposit is deducted from the price of your vehicle. You then make regular payments based on the remaining balance plus the agreement interest. At the end of the agreement, the vehicle is yours.

This is a form of Business Hire Purchase. It could help you buy your dream car from Mitsubishi Motors whilst spreading the cost. Agree an initial deposit, agreement term and monthly payment and subject to your application being approved, you can just drive it away. After you’ve made all the payments, including interest, the vehicle is all yours. You can choose your vehicle and borrow any amount from £1,500 upwards. You can set payments to suit your budget and repay over 1 to 5 years.

Why it might be right for you

Fixed regular payments – makes for easier budgeting
You will own the vehicle outright at the end of the agreement
You can choose a new or used vehicle up to 10 years old
You have flexible terms, with variable deposits and periods available
You have protection – Termination and Satisfactory Quality Rights

Why it might not be right for you

Ownership – the vehicle is not yours until the final payment is made
Repossession – your vehicle is at risk of repossession if you don’t maintain contractual payments
Insurance – you must have fully comprehensive cover

TERMS AND CONDITIONS APPLY – Please contact the Fleet Team for details