add icon arrow-pointing-right-white icon arrow-pointing-right icon Page 1 boat-wheel icon boat icon brochure icon Calendar call-white icon call icon car-doors icon check icon chevron-down icon chevron-left icon chevron-right icon chevron-up icon close-alt icon close-light icon close icon coin-euro icon coin-pound icon curve-arrow icon dealer-website icon double-down-chevron icon down-chevron icon down-scroller icon download icon drivetrain icon email-white icon email icon engine icon Enlarge enlarge icon envelope icon facebook icon fuel icon hand-indicator icon Home outline Combined Shape 02 Icons / 24x24 / ic24-info info icon instagram icon lightning icon location-solid icon Location Icon location icon Meida Icon our-website icon remove icon rotate icon Search Icon shaft-standard icon shaft icon slider-chevron icon spanner icon speedometer icon star-full icon star-half icon star-none icon steering-wheel icon suzuki-logo-s icon s_suzuki_logo_2021 icon test-drive icon blue tick Layer 1 tilt icon transmission icon twitter icon Warning Icon weight icon youtube icon
WHAT IS

HIRE PURCHASE?

Hire Purchase is a car finance agreement that allows you to spread the cost of buying a car over a period of time, and own the vehicle at the end of the agreement. Ultimately, this means getting a car is more affordable as you can spread the cost of your car over a longer period of time.

With our hire purchase arrangements, you’ll pay a fixed monthly cost for your Suzuki. You'll have flexibility in the amount you pay each month, depending on how much you decide to pay up front, the length of the agreement and the type of Suzuki you choose. It's also worth bearing in mind that credit is subject to status.

HOW HIRE PURCHASE WORKS

You choose your deposit amount at the beginning of the agreement, and then pay equal monthly repayments with a fixed interest rate, over your chosen period. After you’ve made all the repayments including any interest, you will become the owner of the vehicle.

Depending on your credit status, you can:

  • Borrow any amount from £3,000 for new vehicles and from £2,000 on used

  • Repay over 1-5 years depending upon the age of your vehicle                              

  • Decide on the deposit you would like to pay (no deposit may be available, subject to status)

Our dealers will be able to talk you through the hire purchase options available to you, and will be able to answer any questions you might have. You can also try our hire purchase calculator to look at some of the different payment options we have available, so that you can find the right deal.

IS HIRE PURCHASE

THE RIGHT CAR FINANCE DEAL FOR YOU?

Unlike hire contract agreements, you’ll actually own the vehicle at the end of the agreement. This can be a positive, as it means you can keep the vehicle as an asset, which is especially beneficial if the depreciation on the model you choose is low. 

We know that making large upfront purchases can be difficult. A car hire purchase agreement means you can spread this cost out over time so that it doesn’t have such a big hit on you and your family. Plus, the fact that the monthly payments are fixed makes budgeting simpler so it’ll be easier for you to plan ahead.

One thing to consider before signing up for a hire purchase agreement is whether you’ll need the car for a long time. Hire purchase is a great way of spreading the cost of buying a Suzuki, but if you’re unlikely to still need the car at the end of the agreement, a Personal Contract Hire agreement could be a better option for you.

Other benefits of Hire Purchase include...

  • Flexible deposit options
  • Fixed interest rate and monthly repayments (including any interest) over your chosen period (1-5 years)
  • Fixed monthly repayments to suit your budget
  • You won’t be restrained to a certain mileage
  • Choose any new or used car as long as the car is less than 14 years old at the end of the agreement

HIRE PURCHASE CONSIDERATIONS

Before you decide whether a Hire Purchase agreement is right for you, it’s worth remembering that:

  • You must be at least 18 years old and a permanent resident of the UK

  • You must have a fully comprehensive insurance as well as the relevant driving licence for the vehicle

  • You won’t own the car until you’ve made your final repayment, including any interest

  • You won’t be able to sell or modify your car over the length of the agreement

  • You bear more risk of depreciation than with PCP, which means if the vehicle’s value depreciates faster than expected, you will continue paying the fixed monthly repayments

CHOOSING SUZUKI HIRE PURCHASE FOR YOUR BUSINESS

No matter what you’re looking for in a company car, we’ve got you covered. Whether you need something compact, maneuverable and easy to park around town or a bigger, spacious vehicle for longer business trips, the Suzuki range has something for everyone.

We don’t do bland, soulless vehicles - our cars have real character: we focus on a fun driving experience, and making sure the car you drive is something which makes you smile. Our cars are carefully thought out, balancing performance, fun and practicality - and with options such as hybrid models and ALLGRIP 4WD technology, you can be sure that your new Suzuki will get you where you need to go.

HOW TO GET STARTED WITH SUZUKI HIRE PURCHASE

At Suzuki, we don’t just offer you an excellent range of characterful cars, we also pride ourselves on our customer service - so you can feel sure you’ll get the support that you need from our team right from the start line.

The first step is to take a look at our range. We offer a wide variety of cars, from the fun and sporty Swift, to the S-Cross with its 4wd technology. All our models are also available with hybrid, meaning greater fuel efficiency and lower emissions.

Once you’ve found the right model and grade to suit your needs, head over to our hire purchase calculator to find the right hire purchase agreement. Once you’ve found a contract which works, you can send this on to your local dealer and arrange a time for them to give you a call so that you can ask any questions and get the ball rolling. Please bear in mind that this is just a quote - a firm contract offer will require an application which is subject to your credit status.

A BREAKDOWN

OF OUR PRODUCTS

  Hire Purchase Personal Contract Purchase (PCP) Personal Contract Hire
Deposit Required Yes. Flexible. 0% may be available.  Yes. Flexible. 0% may be available.  Yes. 1 - 12 months initial rental.

Length of Agreement

From 1 -5 years From 2 - 4 years From 2 - 5 years
Fixed Payments Yes Yes Yes
Final lump sum repayment at agreement end N/A Yes N/A
Maximum permitted age of car at agreement end Typically 14 years Typically 7 years Typically 5 years
Ownership at agreement end  Yes Yes. If you pay the final lump sum payment. No ownership option available. You must arrange to return the vehicle.
Goods return option N/A Yes. Return conditions apply.  No ownership option available. You must arrange to return the vehicle. Return conditions apply.
Excess mileage charges  N/A Yes. If exercise goods return option and exceed mileage allowance.  Yes. If contracted mileage allowance exceeded.

Part exchange

NB. Subject to settling outstanding finance. New agreements subject to status.

Yes  Yes N/A

Voluntary termination rights

NB. Regulated agreements only

Yes   Yes   Early Termination - Yes. Return conditions apply.
 

Fully comprehensive insurance required

Yes    Yes  Yes  
 

Ability to amend monthly payment due date

NB. Subject to loss of interest charge.

Yes. Once every 12 months.  Yes. Once over the lifetime of the agreement. Yes. Subject to conditions.

 

*Hire Purchase, PCP and Personal Contract Hire are subject to status and only available to UK residents aged 18 and over. Credit products are provided by Suzuki Finance, a trading style of Suzuki Financial Services Ltd, St William House, Tresillian Terrace, Cardiff CF10 5BH. Personal Contract Hire is provided by Lex Autolease Limited trading as Suzuki Contract Hire, Heathside Park, Heathside Park Road, Stockport SK3 0RB.

**Under our PCP product, you have the option at the end of the agreement to return the vehicle and not pay the deferred optional Final Payment. Providing the vehicle is in good condition and has not exceeded the maximum agreed mileage you will have nothing further to pay. If the vehicle has exceeded the maximum agreed mileage a charge for excess mileage will apply. Further information on what is considered good condition can be found here.