Car hire purchase
Commercial car, new machinery or other equipment for your business
The financing may be granted for:
- new and used cars
- business vehicles
- heavy goods vehicles (HGVs)
- buses and coaches
- printing machines
- construction equipment,
- office equipment and medical equipment.
Type of financing
Hire purchase is a contract under which the hire purchaser hires an item from the Bank of Cyprus for a specific period and at a particular rent (instalment), with a right to buy such item if the provisions of the contract are observed.
The scheme is charged with variable interest rate
Find out more on our current interest rates here
- The down-payment and the repayment schedule can vary depending on your financial capabilities.
- Maximum repayment for used cars is 5 years, and for new cars 7 years.
- Flexible payments plan (for companies with a seasonal income).
- Applications may also be submitted to the seller’s shop