BALLOON HIRE PURCHASE
BALLOON HIRE PURCHASE IS SIMILAR TO A STANDARD HIRE PURCHASE (HP) FINANCE PLAN. HOWEVER, YOU CAN KEEP YOUR MONTHLY REPAYMENTS LOW BY DEFERRING PAYMENT OF A PROPORTION OF THE AMOUNT OF CREDIT, THE "BALLOON PAYMENT", TO THE END OF THE AGREEMENT. WITH BALLOON HIRE PURCHASE, YOU WON'T HAVE THE OPTION TO RETURN THE BEHICLE AND MUST PLAN FOR THE BALLLOON PAYMENT.
I want to own my Land Rover at the end of my finance agreement.
I want to drive the newest model.
I want to know exactly how much I have to pay each month.
I want low monthly payments.
I have a deposit to put down.
I do not want mileage restrictions on my agreement.
Choose a new or used Land Rover (vehicles must be no more than 84 months old at the end of the agreement).
You agree an initial deposit with your local Beadles Land Rover retailer. A part-exchange can also be used to support the deposit.
You also choose your agreement term (between 1-4 years).
Equal monthly payments with a fixed interest rate are then calculated. A final agreed deferred payment is due at the end of the agreement.
Your local Beadles Land Rover dealer will then submit the application to Land Rover Financial Services. Subject to your application being approved, you can drive away in your Land Rover.
Land Rover Financial Services buys the vehicle on your behalf (less any deposit you’ve paid to the retailer).
The credit agreement is secured against the vehicle for the duration of the agreement, which means it’s owned by Land Rover Financial Services until the final payment has been made.
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