What you need to know
Ideal if
- You want to own your vehicle outright at the end of your agreement
- You like to budget and know the exact repayment amount each month
Budget with confidence
- Protection under the Consumer Credit Act, Termination and Repossession Rights under the Consumer Rights Act.
Things to consider
- You have no protection against depreciation as a result of an unexpected fall in the value of the vehicle
- You do not own the vehicle until the final repayment has been made
- Your vehicle is at risk of repossession if you do not maintain contractual repayments
- You must have fully comprehensive insurance
