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Nissan Hire Purchase

Benefit from Nissan quality and exclusive savings by choosing a car on finance at any South West Nissan location. Hire Purchase (HP) is one of your options.

What is Hire Purchase?

HP is well known as a traditional, straightforward way to pay for a vehicle. This type of finance suits businesses and customers wishing to own a Nissan without paying a large amount up front. It is also a potentially cost-effective alternative to taking out a loan.

How does it work?

You need to make a deposit* at the start of the agreement. This can be flexible – the amount you are able to pay will influence the term length and payments. A large enough deposit could mean a zero percent interest rate on the term. There are no mileage restrictions on Hire Purchase, giving you more freedom to use the car to the full.

Check our Nissan finance special offers for discounts, dealer deposit contributions, and other benefits which make HP even more attractive. Nissan servicing and maintenance will be provided from our dealership throughout the agreement.

Monthly repayments and the interest rate are set, so any changes in inflation will not affect your plan. Payments are also not subject to VAT, an advantage for company car drivers.

Agreements typically run for between one and five years. An Option to Purchase Fee will apply – this is a final charge payable at the end of the plan. This amount will be provided in your HP contract.

As you do not own the Nissan, you are not able to make any modifications to the vehicle. This does however mean that businesses in particular are not affected by having to declare the car as an asset.

When the agreement ends, what happens?

Completing all payments, including the Option to Purchase Fee, will mean you become the full legal owner of the Nissan. What you then do with the vehicle is up to you – it cannot be sold on before the repayments are completed.

The team at South West Nissan will provide more advice on whether Hire Purchase suits your needs. Contact your nearest Nissan dealership for details.


*A deposit between 0-90% of the vehicle price is required, with the number of monthly payments ranging from 12-60 months.

Nissan Finance is a trading style of RCI Financial Services Limited.

RCI Financial Services Limited, Registered in England and Wales, No. 03302462.

Registered office: Egale House, 78 St Albans Road, Watford, Hertfordshire, WD17 1AF.

RCI Financial Services Limited is authorised and regulated by the Financial Conduct Authority.