Suzuki Finance Methods Finance Types - Explained
This simple agreement enables you to take full ownership of the vehicle by dividing the total cost of your car (minus the deposit) into monthly repayments over a pre-agreed period. Suzuki Hire Purchase deals are available with both fixed and variable interest rates, and repayments can also be made either in advance or arrears – making a Suzuki Hire Purchase agreement even more flexible.
These policies are very popular, due to the great choice and flexibility they allow customers. The monthly repayments are calculated by agreeing the cost of the car (plus interest accrued), and deducting both the deposit and estimated value of the car at the end of the term (based on your expected annual mileage). At the end of the agreement (which can be as long as 42 months), customers have the choice of either handing the car back to the dealership or paying the remaining lump sum to take ownership of the car.
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