Best finance option for Toyota Hilux pickup?

Hello,

I am planning on buying a Toyota Hilux, which I need for farming. It is €25,000. What is my best way to finance? I was thinking hire purchase.

Deirdre Shea (Killarney)

Jan 2021 Filed under: finance

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Expert answer

Hi Deirdre,

Hire purchase is definitely a sensible way to finance a Hilux purchase, not least because I assume that you want to own the vehicle outright at the end of the finance period? A PCP plan would give you lower monthly repayments, but would pretty much lock you into coming back in three years’ time to trade-in and, given the condition limits set as part of a PCP deal, it’s probably not the best thing for a hard-working farm truck. It’s well worth having a chat to your local Credit Union and bank first, though, just to be certain you’re not missing out on a good deal on a loan.

Neil Briscoe - Complete Car Advisor
@neilmbriscoe