Hire purchase: your own tractor from day one
Your own vehicle in hire purchase
What is hire purchase?
Hire purchase is a form of buying on credit. You want to buy a commercial vehicle, but you do not have sufficient means to pay for the vehicle yourself in full. In that case hire purchase is an option. You make a down payment, receive the commercial vehicle from My-Trucks and subsequently pay back the remaining amount in fixed monthly instalments.
With hire purchase, the commercial vehicle is your own economic property at the start of the journey. At the end of the journey, the vehicle is also your own paid-up, legal property. This is not the case with traditional leasing.
Down payment
Your financing starts with the down payment. Why a down payment? We purchase your vehicle with our own funds, without the intervention of a bank. As a driver, you can start driving your own vehicle within 3 weeks.
Monthly instalment
Depending on your company, you 'rent' the vehicle on a monthly basis. Based on your VAT number, we calculate the monthly instalment amount as well as the number of months for which we close the financing. This can be 24, 36, 48, 60 or 72 months.
Residual value
After a successful process of monthly repayments, your rental contract with us ends. At that point you get the option to buy off the vehicle for a symbolic residual value of 999 euros. This also depends on your company and is something we determine together in advance. From then on, you are 100% owner of your vehicle. Congratulations!
The advantages of hire purchase
A traditional lease is just a financial solution. At My-Trucks, we believe hire purchase can be the key to success, which is why we offer more as standard. This way, you, as a starter, can get on the road carefree and focus on growing your business.
No money from your bank? At My-Trucks you do get a chance
Would you like to start as a self-employed driver, but does the bank have doubts about the figures of your company and therefore you are not offered financing? Then My-Trucks offers ambitious drivers a chance.
My-Trucks is not a bank, but we do offer simple and fast forms of financing through hire-purchase. We work with our own resources, which enables us to respond faster and better to our customers' wishes. This translates into a fast decision process of 48 hours and an acceptance rate of 96% on your dossier. All in the interest of the customer.
