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OMODA 5 Hire Purchase Offer

From £400.00 per month

Discover the latest Finance offers on the OMODA C5
Available to order here at Richard Sanders today!

Hire Purchase (HP) available at 5.9% APR Representative

Looking for an unbeatable deal on the stylish and versatile Omoda C5? Visit Richard Sanders in Kettering, Northamptonshire, to take advantage of our Personal Contract Purchase (PCP) offer. The Omoda C5 combines cutting-edge technology with exceptional comfort, making it the perfect choice for drivers who demand more. Our flexible PCP financing options make it easier than ever to drive away in a new Omoda C5 with affordable monthly payments and low initial deposits. Don't miss out on this offer at Richard Sanders, your trusted car dealership in Kettering, Northamptonshire. Visit us today to learn more and schedule a test drive.

OMODA 5 COMFORT

From £25,235
From £400 per month
5.9% APR Representative

Hire Purchase (HP)

Fixed interest rate p.a. 5.9% APR
Duration 60 months
Monthly payments over term of agreement £400
Customer deposit £4,418
Cash price £25,235
Total amount of credit £20,817
Total amount payable £28,418
Cost of credit £3,183
  • 18” Alloy Wheels
  • LED Headlights & Taillights
  • Twin 10.25” LCD Display
  • Rear Parking Camera with Front & Rear parking sensors
  • Synthetic Leather Seats & Steering wheel
  • Multi-function steering wheel
  • SONY 8 Speaker Sound System
  • Silent Glass & Privacy Glass
  • Driver Seat 6-way Electric Adjustment
  • Adaptive Cruise Control
  • Full suite of ADAS Systems
  • Keyless Entry
  • Remote Engine Start
  • Driving Modes
  • Blind Spot Detection
  • Automatic headlights

OMODA 5 NOBLE

From £27,035
From £435 per month
5.9% APR Representative

Hire Purchase (HP)

Fixed interest rate p.a. 5.9% APR
Duration 60 months
Monthly payments over term of agreement £435
Customer deposit £4,396.50
Cash price £27,035
Total amount of credit £22,100
Total amount payable £30,496.50
Cost of credit £3,461.50

Noble additions over Comfort:

  • 360° Surround View Camera
  • Power Sunroof
  • Front Heated Seats
  • Passenger Seat 4-way Electric Adjustment
  • Two-zone Air Conditioning
  • PM2.5 Air Purification
  • Power Tailgate
  • Rear Multi-Colour Ambient Lighting
  • Headlight Ceremony Display (On lock & Unlock)
  • 19” Alloy Wheel Option
  • Two-tone paint Option

What is Hire Purchase?

Hire Purchase (HP) is a popular financing option for purchasing vehicles, allowing buyers to spread the cost over a set period while using the vehicle. It combines the benefits of hiring a car with the option to own it at the end of the agreement.

How Does Hire Purchase Work?

  1. Choose Your Vehicle: Select the car you wish to purchase from a dealership offering HP financing.
  2. Deposit Payment: Pay an initial deposit, usually around 10% of the vehicle's price.
  3. Monthly Instalments: Repay the remaining balance in fixed monthly instalments over an agreed term, typically between 1 to 5 years.
  4. Interest Rates: Interest is added to the loan, and the rate is fixed. This will be detailed in your agreement.
  5. Ownership: Once all payments are made, including any final fees, ownership of the vehicle is transferred to you.

Key Features of Hire Purchase

  • Fixed Monthly Payments: Budgeting is easier with consistent monthly payments.
  • Ownership at End of Term: You own the car outright once all payments are completed.
  • No Mileage Restrictions: Unlike some leasing agreements, HP doesn’t impose mileage limits.
  • Flexible Deposit Options: The size of the deposit can be adjusted, affecting the monthly payment amount.

Benefits of Hire Purchase

  • Affordability: Spread the cost of your vehicle up tp a period of 5 years.
  • Flexibility: Choose the length of the term to suit your financial situation.
  • Early Repayment: Many HP agreements allow for early repayment, often with reduced interest costs.
  • No Mileage Caps: Drive as much as you need without worrying about mileage penalties.

Considerations Before Choosing Hire Purchase

  • Total Cost: While spreading payments, the total cost of the vehicle will be higher due to interest.
  • Deposit Requirement: A higher initial deposit can reduce monthly payments but requires more upfront cash.
  • Commitment: You are committed to making payments for the duration of the term. Missing payments can lead to the vehicle being repossessed.

Is Hire Purchase Right for You?

Hire Purchase is ideal for individuals who:

  • Want to eventually own their vehicle.
  • Prefer fixed monthly payments.
  • Need a financing option without mileage limitations.
  • Are comfortable with an initial deposit and committed to a long-term payment plan.

Conclusion

Hire Purchase offers a straightforward and flexible way to finance a vehicle, allowing you to spread the cost while ultimately gaining ownership. Consider your financial situation, and compare HP with other financing options to determine the best choice for your vehicle purchase.

For more information or to explore available HP deals, contact our dealership today!

Orders must be placed by the 31st December 2024. Valid only for retail customers – Examples shown do not include metallic paint cost or two-tone roof. Finance is provided by Creation Consumer Finance Limited, registered address is Wellington Buildings, 2-4 Wellington Street, Belfast, BT1 6HT. Finance is subject to status. 18+.