Hire Purchase

Hire Purchase is the popular choice for SsangYong drivers who want to own their vehicle. This simple payment plan is set out to take the stress out of buying your vehicle outright and is easy to apply for, able to be provided within a very short time and a decision can often be given in minutes.

Hire Purchasing a new or used SsangYong is a simple six-step process:

1. Customers choose their SsangYong of choice, select their options and protection level
2. Decide upon a deposit (or vehicle they want to part exchange towards the cost of the vehicle)
3. Decide their term: the length of time they want to pay their SsangYong over
4. Get a quote from our team
5. Get accepted on a SsangYong hire purchase agreement and sign the documents
6. Collect their new vehicle.

You even have the option of leaving no deposit. To reduce the payments, many of our customers choose a minimum £500 deposit or opt to have their current vehicle part exchanged as full or part payment of their SsangYong. If you want to know how much your current vehicle is worth towards the purchase of a new SsangYong, then use our value your vehicle form and we’ll arrange a preliminary quotation.

Buying a SsangYong on Hire Purchase has the following advantages:

• You will own the vehicle once all payments have been made
• There is no final balloon payment – all monthly payments are generally equal
• You can choose the level of deposit from 0 to as much as you’d like
• You can select your term from 24 months to 60 months
• There are no mileage restrictions (unlike Personal Contract Purchase plans)
• Annual Percent Rate (APR) is low and in some cases, you can end up paying nothing in interest.

SsangYong Hire Purchase brings only a few disadvantages over other finance schemes

• Monthly payments are higher than a Personal Contract Purchase Plan
• You are responsible for road taxation, servicing and maintenance costs (including MOT after the first three years)
• You are not able to sell your vehicle privately during the contract.

SsangYong hire purchase brings an affordable solution to owning a new car or commercial. SsangYongs are some of the most reliable, affordable vehicles on the UK roads and this is fully supported with their included 5-year limitless warranty. For more details on this class-leading warranty, see our dedicated page here.