What is a Hire Purchase agreement?

Hire Purchase is a type of car finance which may suit you when you're buying a new or used vehicle.

If you want to own the vehicle at the end of the agreement, HP finance would be a suitable finance option.

You essentially hire the car with a small deposit, paying a monthly payment and having the opportunity to buy it at the end of the contract.

You can check if you are eligible for HP car finance today, we even offer an online Hire Purchase calculator to help work out your monthly payments.

Check Your Eligibility

Representative Example

This represents an average of the deals that our customers receive on other vehicles

Cash Price £19,121.93

Deposit £1,266.23

Term 48 months

Payment £323.72

Amount of credit £17,855.70

Fixed Interest per annum 6.46%

Representative APR 11.36%

Total Charge for credit £6,194.43

Final Payment £8,511.57

Option to purchase fee £399.00

Total Amount Payable (Incl. Deposit, charge for credit, final payment & purchase fee) £25,715.36

We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders will pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions.