Spread the cost of a car with fixed regular monthly repayments, after which you own it outright.
Stermat Hire Purchase could help you buy your dream car while spreading the cost. Agree an initial deposit, the agreement term and monthly repayment amount with your dealer, who will then submit the finance application to us. Subject to your application being approved, you can just drive the car away – and after you’ve made all the repayments including the interest, it's all yours.
• You want to own your car outright at the end of your agreement
• You like to budget and know the exact repayment amount each month
The choice is yours
• Choose any new or used car up to 14 years old at the end of the agreement. Some exceptions apply.
Budget with confidence
• Fixed regular repayments, giving you peace of mind
• Protection under the Consumer Credit Act Termination Rights and Protection under the Consumer Rights Act
Things to consider
• You have no protection against depreciation as a result of an unexpected fall in the value of the vehicle
• You do not own the vehicle until the final repayment has been made
• Your vehicle is at risk of repossession if you do not maintain contractual repayments
• You must have fully comprehensive insurance