DeX provides an easy way to spread the cost of your car across
monthly payments.
What is hire purchase?
Hire Purchase (HP) is a type of car finance that allows you to
spread the cost of purchasing a vehicle across a
contracted period.
You’ll pay a deposit, and then cover the remaining cost of the car
with your fixed monthly repayments until your car
finance contract comes to an end.
You might choose hire purchase if you don’t want to pay the upfront
cash price and spreading the cost seems a better
alternative.
How does DeX hire purchase work?
Find your perfect HP used car – we offer HP car finance
on all cars available on our site, so you can browse
our range to find the model that suits your needs.
Pay a deposit – you’ll need to pay an initial deposit
before beginning your monthly repayments, with a higher deposit
meaning these monthly payments will be lower.
Apply for HP car finance – once you’ve put down a
deposit, you’ll need to apply for HP finance by providing some
personal details to see if you’re a good fit.
Start your repayments –if you get accepted for an HP
finance agreement, you’ll begin making your fixed monthly
repayments until the end of your contract.
Is DeX Hire Purchase right for me?
Benefits
Fixed monthly payments
There’s usually no mileage restriction, so no excess mileage charges
You may get the option for relatively low deposit, depending on the
car.
Things to consider
You’ll need to pay an initial deposit
You don’t own the car until your final payment
You’re not able to sell or modify the car until you officially own
it
