Balanced payments is often a popular choice when it comes to funding your prestige or luxury car. Balanced payments allows you to make a direct investment towards your new car. Benefits include:

• Low Deposit

• Various tax benefits

• Flexibility

• Attractive monthly payments

Balanced payments is found to be a popular option individuals or companies looking for low monthly payments relative to the vehicle in question. It is also popular amongst individuals or companies looking to own the car at the end.

Balanced payments are set over a duration of 24, 36 or 48 months followed by a final payment. It’s important to remember that with balanced payments, the final payment is payable to the finance company.

Hire purchase is a finance solution that is simple and straight forward.

Choose a deposit option that suits you affordability and exactly what you are looking for. The balance outstanding balance of the car is then spread over 24, 36, 48 or 60 months based on hire purchase agreement.

There is no balloon payment with a hire purchase and at the end of the agreement, you own the car.

Hire purchase with a balloon mirrors the same product as hire purchase with a difference at the end of the agreement. Hire purchase as a finance product will have higher monthly payments due to financing the balance with no balloon option.

The benefits of choosing hire purchase with a balloon mean lower monthly payments with a final lump sum payable at the end of the agreement.