Hire Purchase

Hire Purchase is a traditional form of finance where the entire value of the vehicle is taken as a loan and repaid, with interest, over the period of the contract. It’s good for businesses that don’t want any restrictions on the mileage driven and that want to own the vehicle at the end of the agreement.

The finance is secured against the value of the vehicle and there are no end of contract damage fees or excess mileage charges to worry about. And, as the business will eventually own the vehicle it can be sold to raise a deposit for a replacement.

Monthly payments under Hire Purchase are higher than with other types of funding, such as Contract Hire, as the entire value of the vehicle is financed.

Things to consider

  • Complete flexibility in the use of your vehicles
  • Own the vehicle at the end of the contract period
  • No damage fees or excess mileage concerns
  • Set monthly payments

You might also be interested in...

Our 24/7 Accident Management service that takes the hassle out of dealing with motor accidents and gets your drivers back on the road.

  • One call for recovery, onward travel and repair
  • Nationwide network of approved repairers
  • Mobile repairs carried out whenever possible
Learn More

Bridle Blog

New Mobile Phone Use Penalties

If recent media reports are to be believed, the dramatic increase in penalties for using a handheld phone while driving have not put people off making


Speeding Fines

Despite the 7,500 road casualties reported each year where speed is a contributory factor, and the number of speeding offences rising by 44% in the la


Summer Driving

While this summer has delivered mixed blessings in terms of weather so far, the few hot days we have had highlighted some of the potential hazards tha