FLEXIBLE OWNERSHIP AT AN AFFORDABLE PRICE

AION HP Finance (Hire Purchase)

Hire Purchase agreements simply mean you’re paying the price of the car off monthly, over an agreed period. As soon as the last payment is made and you pay the option to purchase fee, the car is yours. HP is a the traditional form of lending and is suitable for drivers who want the own the vehicle at the end of the term and for those drivers who cover significant miles.

Advantages of HP

• You own the car at the end of your contract
• Fixed monthly payments
• There’s usually no mileage restriction, so no excess mileage charges
• You may get the option for a smaller or no deposit

Things to Consider

• Monthly payments are usually higher than PCP due to there being no optional balloon payment
• You’re not able to sell or make modifications to the car until you officially own it
• Usually you have to pay a small ‘option to purchase’ fee at the end of your plan
• You don’t own the car until your final payment​