Hire purchase for car or equipment

Interest rate depending on down-payment
Option for a variable or fixed interest rate depending on the type of the car (new or used) and the down-payment amount.
Flexible repayment plans
Maximum repayment period for used cars is 5 years and 7 years for new cars. Utilise our flexible payment plan offered to companies with seasonal income.

Answers to all of your questions

Financing is carried out via a HIRE PURCHASE AGREEMENT. Under the hire purchase contract, the hire purchaser hires an item from the Bank of Cyprus for specific time at specified rent (instalment) with a right to buy this item if the contract terms are observed.
Hire purchase is offered for the purchase of:
- new and used cars
- business vehicles
- heavy goods vehicles (HGVs)
- buses and coaches
- printing machines
- construction equipment
- office equipment and medical equipment
You can contact our Branch Network or the Bank’s SME Centres. Applications may also be submitted to the seller’s shop.
You can obtain the necessary information on our interest rates from Relationship Officers in our Branch Network or the SME Banking Centres.