Hire Purchase
Hire Purchase is the simplest form of funding whereby you will borrow a sum of money and pay it back with fixed interest over a specified period of time, and you will become the owner of the vehicle when you make the final payment.
Flexible hire purchase arrangements can be provided that may not require a deposit but because you are paying the full amount of the loan over a period the monthly payments may be higher.
The monthly payment can be reduced if you pay an initial deposit, this will reduce the amount that you borrow. The amount of the deposit can be flexible to produce the desired monthly payment.