Finance

Herd Vehicle Finance works with a wide panel of lenders to find the best finance deal for our customers. Unlike many other vehicle finance providers we're not tied to one lender which means we can offer greater flexibility to put together a bespoke deal that suits your circumstances best.

What’s more, Herd Hire Ltd is authorised and regulated by the Financial Conduct Authority so you can rest assured that we're fully compliant with regulations.

HP - Hire Purchase

Hire Purchase is one of the easiest ways to finance a vehicle. With a Hire Purchase agreement you sometimes have to pay a deposit - usually 10% upwards - but not always. Then, you agree to monthly payments for a fixed amount spread over an agreed period from as little as 12 months to 60 months. Whilst you are making your monthly payments, the vehicle is ‘owned’ by the Lender. When your last monthly payment has been made you can make an ‘option to purchase’ fee – a relatively small amount which is agreed when you sign the finance agreement. Once that is done, you own the vehicle.

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We are Appointed Representatives of Creative Funding Solutions Limited, a Principal broker who is regulated by the Financial Conduct Authority, Firm Reference No. 631176 and we are introducing to them as a credit broker and not a lender.

For this activity we are data processors of Creative Funding Solutions Limited, which is registered with the Information Commissioner’s Office, Reference number: Z1809054

Please make sure you can afford the repayments before entering into any instalment agreement, as failure to make payments as they fall due could result in additional costs and you may find it more difficult to obtain credit in future.

Our finance partner can introduce you to a panel of lenders and their products and we do not offer advice. They do not charge you a fee for their services. Whichever lender you are introduced to however we/they will typically receive commission at a fixed percentage of the amount you borrow.

Some lenders we or our partners work with could pay commission at different rates and we have some influence over the interest rate offered and this can impact the amount you pay under the agreement you choose. In any case the costs of any introduction will be accounted for in the margin of your agreement. You can ask our finance partner what they expect to earn and they will tell you.

Information you give will be verified and a search carried out by a third party for the purposes laid out in the privacy notice, which you will opt into if you require finance, so that we can pass your information on to our finance partners.

Finance products are not suitable for under 18s.