Guide How to Finance a Used Car
Car Examer
OCTOBER 19, 2024
You borrow a lump sum from a bank or lender and repay it in monthly installments, usually with a fixed interest rate. Hire Purchase (HP) With Hire Purchase (HP) , you pay a deposit upfront, then make monthly payments to effectively “hire” the car. Once you’ve made all the payments, the car is officially yours.
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