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Hire Purchase (HP)
Choosing a Hire Purchase Agreement allows you to pay for your vehicle in monthly instalments and then have the option to buy the vehicle at the end of the fixed-term contract. Normally the APR (Annual Percentage Rate) is set before the contract begins. Loan periods are typically three to five years.
When you have found the vehicle you would like to buy, let us know how much you would like to borrow based on the price of the vehicle minus the deposit you have. Many of our customers choose to part-exchange their existing vehicle to help cover a new vehicle’s deposit.
Contact us today for a no-obligation quotation.
CALCULATE YOUR MONTHLY REPAYMENT
Use our bespoke finance calculator to see how we could help you buy the vehicle you really want.
At the end of the agreement
With Hire Purchase, you have the option to buy the vehicle at the end of the fixed-term contract. If you want to settle a Just Kampers Finance Hire Purchase agreement before the end of the agreed term, either partially or in full, you can make early repayments.
Not sure if this is the right choice?
If you’re interested in finding out more about how Hire Purchase can put you on the path towards owning the Camper Van, Classic Car or Motorhome of your dreams, it’s well worth calling us on 0800 915 6610 and asking for a quotation.
Key Information
- Your finance agreement is secured against the vehicle.
- You are the vehicle’s registered keeper, which means you are responsible for insurance and maintenance.
- Just Kampers Finance remains the legal owner until the amount borrowed has been fully repaid, including the ‘option to purchase’ fee covering the administration costs when ownership is transferred.
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Hire Purchase Finance Examples:*
*These examples have been kept anonymous to maintain the privacy of our clients
VOLKSWAGEN T5 CARAVELLE | |
|---|---|
| Year | 2015 |
| Value | £29,500 |
| OUR FINANCE EXAMPLE | |
| Deposit | £2,950 |
| Total amount of credit | £26,550 |
| Total charge for credit | £4,252 |
| 48 monthly payments of | £642 |
| Total amount payable | £30,901 |
| Fixed rate of interest per annum | 7.48% |
| Duration of agreement | 49 months |
| Representative APR | 7.9% |
VOLKSWAGEN T6 California | |
|---|---|
| Year | NEW |
| Value | £55,000 |
| OUR FINANCE EXAMPLE | |
| Deposit | £5,500 |
| Total amount of credit | £49,500 |
| Total charge for credit | £7,927 |
| 48 monthly payments of | £1,196 |
| Total amount payable | £57,526 |
| Fixed rate of interest per annum | 7.48% |
| Duration of agreement | 49 months |
| Representative APR | 7.9% |
Hire Purchase Finance Calculator
See the monthly repayments for your desired vehicle
Finance agreement types
More Finance Products
CREDIT LINE FINANCE
We can offer our customers a pre-approved credit line. This allows you to move quickly and buy your chosen vehicle immediately when you find it.
LEASE PURCHASE
With a Lease Purchase you make regular payments over an agreed term, and at the end of the agreement you own the vehicle.
Equity Release
Release the cash value of your vehicle with our Equity Release product. Equity Release is also known as vehicle ‘Sale and Hire Purchase’.
Refinance
Even where existing finance agreements are in place with a lender, we can design a Refinance package to meet your needs.
BESPOKE FINANCE
Finance personally designed to suit you and your chosen vehicle
EXPERT KNOWLEDGE
We specialise in Camper Vans, Motorhomes and Classic Cars
PERSONAL SERVICE
Email or Call us. We are happy to help
COMPETITIVE RATES
As a lender we look to help you achieve low monthly repayments
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HIRE PURCHASE FAQs
HOW MUCH DEPOSIT WILL I NEED?
Usually 10-20% of the cost of the vehicle. The exact sum will depend on your financial situation and whether you are buying a new or used car. However, there are a few agreements that do not require any deposit, whereas others may ask for up to 30 per cent to qualify for a low interest rate. Of course, the more money you can put down as a deposit the less you’ll have to borrow and therefore the lower your monthly repayments will be.
CAN I REDUCE MY MONTHLY PAYMENT?
You can reduce your monthly repayments by putting down a larger deposit at the start of a finance agreement, or deferring a lump sum (also known as a balloon payment) until the end of the agreement, which can be a useful option in some circumstances. Call us to discuss your options and we can explain more.
CAN I SELL THE CAR?
Once you’ve paid off the outstanding sum it’s yours and you can do whatever you like with it. However, while you’re still paying off the finance you aren’t legally entitled to sell the car.
CAN I SETTLE THE AGREEMENT EARLY?
Yes, but charges will usually apply – these are explained in the terms and conditions of your agreement. Please call us for further information.
CAN I ARRANGE FINANCE FOR MORE THAN ONE CAR?
Yes – we have financed multiple car purchases for many clients. We look to build long-standing relationships with our clients and we’ll be happy to assess your requirements.
WHAT INTEREST RATE WILL I BE CHARGED?
This will depend on the value of the car you are interested in buying, the type of finance you choose and your personal circumstances. If you’d like a personal quote, get in touch. We’d be happy to oblige.
I HAVE BAD CREDIT; CAN I STILL GET CAR FINANCE?
The short answer is: Quite possibly. We take a holistic approach to credit underwriting and assess each application on its own merits. There are often very valid reasons why someone has a less than perfect credit history, and we always take into account each individual’s circumstances. If you’d like to discuss this, we’d be delighted to explain further.
Expert, independent and secure
Just Kampers Finance is happy to lend anything from £10,000 upwards. We pride ourselves on our personal service which means that we don’t just punch numbers into a computer and wait for an answer – we talk to you, we use our expert knowledge to assess you and your chosen vehicle, and we arrange a tailored finance package to suit your needs.
As a result, we are a popular choice for Camper Van, Classic Car and Motorhome owners.
The team at Just Kampers Finance, in partnership with AFS Group, has significant experience and enthusiasm for the Camper Van, Classic Car and Motorhome world. We are authorised and regulated by the Financial Conduct Authority.
