Hire Purchase Plan Explained

If you already know you want to own your car at the end of your finance plan and want regular monthly repayments to make budgeting easier then Hire Purchase could work for you. You simply put down a deposit and the remaining balance is divided equally over the term of the loan.

  • You choose the repayment period (from 12–60 months) and determine the monthly payment to suit your budget
  • You’ll pay an initial deposit (typically 10%)
  • The remaining finance is then equally divided over the term of the agreement
  • After the last payment has been made (including the option to purchase fee) you will then own your Audi