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car finance terms - h
A to Z of Car Finance Terms
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | ZFinance terms beginning with H
Hire Purchase
Hire purchase is a common type of car finance. When taking out hire purchase, you pay an initial deposit, then a fixed monthly repayment. Although you can drive the vehicle away, you don't actually own it until you make the final repayment and close the car finance deal.
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