What is a Hire Purchase agreement?

Hire Purchase (HP) is a type of credit agreement for 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.