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Here’s a straightforward guide to the most common dealershipterms you’ll hear at UK dealerships. When you’re buying a car, especially for the first time, the terminology used at UK car dealerships can feel overwhelming. Book inspection 1. It’s calculated based on the car’s estimated value at the end of the agreement.
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. Why HP Could Work for You: Flexible terms : You can choose how long you want the contract to last, usually between 1 to 5 years.
In this blog post, we will dissect the world of car finance, breaking down the different options and terms to help you navigate through the process with confidence. Once the final payment is made, ownership of the car is transferred to you. These extra costs can significantly impact the total amount you repay over the life of the loan.
When estimated to equal terms – a four-year finance term, zero deposit, 15,000km annual allowance, and an equal balloonpayment, where possible to set it on each brand’s website – the Kamiq costs $120 per week (at a 6.99 We recommend taking a test drive at a dealership before signing on the dotted line.
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