You can tailor your repayments to suit your needs.

Alphera Hire Purchase

This is the most popular method of finance. You pay an initial deposit, followed by monthly payments over an agreed term. Interest rates and repayments are fixed at the beginning of the contract term. At the end of the contract term you become the owner of the vehicle.

What can you finance with Alphera Hire Purchase?

You can finance any new motor vehicle, or used vehicle of reasonable age and condition. The amount financed can also include your ‘on-road charges’ and motor vehicle insurance premium.

Consider these benefits:

• We can vary the length of the term and the initial deposit to suit your needs.
• Incorporating a ‘balloon payment’ can significantly reduce monthly repayments. This is a final payment based on the residual value of the vehicle (its worth at the end of the agreement).
• A variable repayment structure can be incorporated to suit seasonal cash flow or lump sum payments.
• If the vehicle is used for income producing purposes, both interest charges and depreciation can be tax deductible.

Please contact us for more details.

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