Hire Purchase Finance
Whatever you're after, we have a hire purchase plan that works for you.
Apply todayApproval in 3 easy steps
Just three simple steps to getting your finance approved.
Work out your repayments
Plan your repayments with our handy calculator
Time to begin?
Send your application and expect a response in a day!
Hire purchase finance options
Whether it's a swift sail or a new ride, tell us what you need and weโll make it happen.
Luxury car
Electric bike
Yachts and motorboats
Touring caravans
High-end technology
Motorbikes
Real feedback from our clients
We love helping people to achieve more with our flexible and friendly approach to lending, and we love genuine customer feedback just the same.
From start to finish Conor and the team were quick, friendly and always happy to answer any questions which in turn lead to our mortgage being approved. Great level of service, thank you.
Kris & Emma
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I was eager to get my new boat insured and on the water as soon as possible to make the most of the hot weather! Darren worked super hard to make this happen. He liaised with the underwriter to generate a bespoke cover within the day!ย Great service.
Kevin
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Just want to say a huge thank you to Conor and all the team at Oracle. This was the second time using them to advise and guide us with a mortgage and both times they have been FANTASTIC. We didn’t have the smoothest run with our buying and selling properties but Oracle advised us all the way along and were always happy to listen, help and ensure we got the best deal possible. Thank you so much! ๏ฟฝ
Kat
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Have a question about hire purchase finance?
Dig into our most commonly asked questions, or chat with us about exactly what you need.
What is a Hire Purchase Loan?
A Hire Purchase Loan enables the spreading of substantial costs over time. It’s ideal for acquiring a new vehicle or goods without the full upfront payment. You initially pay a portion, take the item home, and then make regular payments until complete ownership transfers to you.
What are the benefits of Hire Purchase loans?
Hire Purchase loans allow you to obtain expensive items sooner by paying a part upfront and the rest over time. This option lets you use the item while saving up for its total cost.
What happens if I am unable to make/afford payments?
If your financial situation changes, making payments difficult, inform us promptly. We can reassess your situation and potentially arrange a new payment plan.
What happens if I miss my payment?
It’s crucial to ensure payments are made on time. Missed payments risk the repossession of your vehicle or goods, though we will contact you if a payment is missed.
Can I sell my car?
The vehicle or goods remain the property of Oracle until the loan is fully paid. Selling is permitted only after settling the loan in full.
Can I pay off my Hire Purchase loan early?
Yes, early repayment is possible. Please contact us to arrange early settlement.
What is a maximum loan term?
The maximum loan term indicates the longest period for repaying your Hire Purchase loan. Shorter terms might reduce overall costs due to lower interest accumulation.
What are the eligibility criteria?
Eligibility typically requires being 18 or older, having a steady income, a favourable credit history, and residency in the application area.