The tax base shown may differ from the purchase price of a car, since the price is composed of several components. Some of them are not subject to GST (e.g. B COE, vehicle tax, additional registration fees, registration fees). Payment procedure The tenant must pay the credit in person by presenting your original card in one of our stores. The tenant can also authorize a third party (for example. B the buyer or car dealer) to pay the credit on his behalf. We need the prior written permission of the tenant with signature, which will first be sent to us by fax or e-mail. Please fax to 6323 3271 or email to facilitate our verification. Rental purchase (HP) is a type of credit that is often available from car dealerships. It can offer you the comfort of sorting through your finances and choosing your car in one place. As part of an HP agreement, you rent the car, usually pay an agreed amount in monthly refunds, and become the rightful owner of the car at the end of the contract. The rightful owner of the car is the financial company that gave you the money to buy the car, and you cannot sell the car without the permission of the financial company.

However, if the consumer has paid one third or more of the total cost of the rental purchase, the owner cannot repossess the goods without taking legal action. Any deposit made at the beginning of the agreement or the value of a payment is taken into account, for example, for the calculation of one third of the costs. The lease purchase is organized by the car dealership, but brokers also offer this service. Prices are often very competitive for new cars, but less so for used cars. For used cars, the effective annual interest rate can vary between 4% and 8%. The lower the number, the better. For example, the rate might be higher because you don`t have good creditworthiness. The half rule is part of the Consumer Credit Act 1995 and gives you the right to terminate an HP agreement at any time. The half rule limits your liability (the amount for which you are responsible) to half the HP price of the car.

The agreement of the financial company must show you the figure of half the price ps of the car. Lenders sometimes say that you have to pay the full amount due under the agreement before you can terminate it.C`s not true. In this case, you can get help from an experienced advisor, for example, from a citizen advisory office. To search for details of your nearest CAB, including those who can advise them via email, click on the nearest CAB. You can make the request by sending us an e-mail to and indicating your rental agreement number. If you have registered this CIMB Hire Purchase account number under My Accounts > My Favorites > Calculator, you must now save them in My Accounts > My Favorites > CIMB accounts and make funds transfers to make your rent payment. Conditional sale is similar to lease purchase, but you own the car at the end of a conditional sales contract. There are no fees to pay for the call option, as this is the trap contribution for a lease purchase, so you automatically become a vehicle owner once you have made all your repayments to your lender.

The cost of a lease is the difference between the cash price of the leased property and the full rental price. If the cash price of a car is € 12,000 and the rental price is € 17,000, the rental fee is € 5,000, that is, the additional costs related to renting (and perhaps owning) the car for a set period of time, instead of buying it directly in cash. You must pay all payments due before the end of the contract. If your payments are less than half the total price of the goods, you may still have some money to pay, since the lender is entitled to this amount according to the agreement. If you have already paid more than half of the price, if you terminate the agreement, you cannot be refunded, but usually no longer have to pay….