Hire Purchase Variable Rate
This allows you to make regular payments that alter with interest rates, so you could save money. Hire purchase variable rate is a smart choice if you think interest rates will fall.
Hire Purchase With Balloon
This is a safe, low-risk option as you make lower monthly payments on a truck plus a final balloon payment. Hire purchase with balloon is flexible too. At the end of the agreement, provided you've met the terms and conditions of your agreement, you can either make a final lump sum (balloon) payment and keep the truck or re-finance the balloon and continue making your payments.