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Similar to a Hire Purchase agreement but the interest rate is linked to the banks base rate with interest to be calculated at the end of each month.
These agreements fall outside of the Consumer Credit Act (CCA) and as such do not offer the same protections as a regulated Hire Purchase.
This product is generally for those with good financial understanding as a reduction in interest rates means savings on a monthly basis; this of course can increase monthly instalments should the interest rate rise.
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TAFCO Ltd is an authorised credit broker and not a lender. TAFCO Ltd will introduce you to a selected group of lenders with a view to funding your vehicle. We do not charge customer fees, we receive an introductory commission from finance companies for fulfilled transactions.
To qualify, customers must be a Business or a High Net Worth Individual and/or the vehicle is partly used for business. This finance is for non-regulated transactions only.