Hire Purchase | RMB Renault

Renault Finance 

Hire Purchase

Spread the cost of your new Renault commercial vehicle or business fleet with a Hire Purchase agreement from RNB Renault. Perfect for business owners, Hire Purchase offers the flexibility and security of a Contract Hire agreement, but without the mileage restriction, and with the option to own your vehicle at the end of the contract. By using a manageable and transparent payment plan, you can work your way to ownership without the financial risk of surprise. 

How does it work?

Step One

You can tailor your Hire Purchase agreement to best suit your business’ budget and circumstances. First choose the deposit amount you would like to pay and the term of your agreement. This will help to determine your monthly repayment until ownership.​

Step Two:

Once you’ve paid the deposit, an RNB Renault business adviser will calculate your monthly repayment based on the remaining amount to be financed on the vehicle. Each monthly payment covers the value of the vehicle plus interest. The interest charged is calculated at the beginning of the contract and is fixed for the length of the agreement. This means that the amount you owe is unaffected by any future changes to interest rates, so you can budget with confidence.​

Step Three

At the end of the agreement, subject to the payment of a nominal Option to Purchase fee, you can take outright ownership of your Renault vehicle or fleet.

Why choose RMB Renault Hire Purchase?

  • Flexible initial deposit payment to suit every budget
  • Flexible payment terms, ranging from one to four years
  • Fixed vehicle repayments agreed from the outset for easy budgeting and cash flow management
  • Fixed interest rates not affected by fluctuations throughout the contract
  • No mileage restrictions
  • Offset fixed repayment interests against your profit to reclaim VAT

For more information about RNB Renault’s Hire Purchase plans, contact a member of our expert team at the RNB Renault Pro+ centres in Darlington and Northallerton. Alternatively, complete the online enquiry form and we will respond to you shortly. 

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