Hire purchase finance options
Hire purchase is the preferred manor to finance American Motorhomes and we believe the most cost effective especially with some great rates currently on offer.
How it works
Hire Purchase (HP): This traditional financing method involves paying a deposit—typically around 20%—followed by fixed monthly payments over an agreed term. At the end of the term, ownership of the vehicle transfers to the buyer. Advantages include ownership of the vehicle, fixed or variable interest rates, and potential tax benefits for businesses.
Lease Purchase with Balloon Payment: This option allows for lower monthly payments by deferring a portion of the loan (the “balloon”) to the end of the term. At the conclusion of the agreement, the buyer can pay the balloon amount to own the vehicle, refinance the balloon, or sell the vehicle to cover the balloon payment. This structure is beneficial for those seeking lower monthly payments and flexibility at the end of the term.
Signature RV’s financing solutions are designed to accommodate various financial situations, providing flexibility and tailored options to meet individual and business needs.
Advantages include:
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