Our motor finance team - Krish Appiah and Jessica Peaks recently completed a Hire Purchase (HP) finance deal in order for his client to be able to purchase their dream car - the Lamborghini Aventador SVJ Special Coupé edition worth £390,000!
Krish was able to work alongside lender - Aldermore Bank, from our comprehensive 125+ lending panel, to work his magic and put together a bespoke HP finance agreement for his client. The structure of the HP finance agreement consisted of a deposit of £107,824.01 with 36 monthly repayments of £2,660.27 from an overall purchase price of £390,000.00!
The benefit of this HP structure is that it allows you to have complete control over the agreement as you can decide the deposit amount and the repayment term. HP also enables you to own the car at the end of the contract. An optional balloon payment can be added to the end of the agreement, which will cut the monthly payment costs if needed. Then further finance options can be available once the balloon payment is due including refinance.
Are you interested in purchasing your dream car? That reality may be close than you think! It is important to remember that the figures presented were specific to the actual client and each person's situation is different. Still, here at Approved, we are dedicated to finding you the best possible finance option. If you feel that finance is a viable option for your current situation then please do not hesitate to get in contact to discuss your finance options with our specialist motor finance broker Krish Appiah on 01908 429888 or email him at Krish@approved-finance.co.uk.