Representative Example APR 25.9% - Hire Purchase: Cash Price £10,000.00, Deposit £0, borrowing £10,000.00 over 5 years at 25.9% Representative APR (fixed). 59 monthly payments of £283.28 followed by followed by a final payment of £293.28 which includes a £10 option to purchase fee. Total cost of credit of £7006.80 and total amount payable of £17,006.80. Finance subject to status 21+ only.
We provide HP finance
So how does HP finance work?
The original and most straightforward way of financing a car, a Hire Purchase agreement gives you the ability to pay off your vehicle over a fixed period without using an unsecured personal loan – with the vehicle being yours once that final monthly payment has been paid off.
This is a great solution for those looking to get – and keep – the keys to their car at the end of the agreement.
Pro's of Hp finance
Why choose HP finance?
Simple & straightforward
The simplest form of car finance
Fixed monthly cost
Predictable monthly payments
Security
Finance is secured on the car
Settle when you like
No early settlement penalty
Hire Purchase
The straightforward way to finance a car
You are essentially hiring your car, normally over 2-5 years, until the last monthly payment is made, when you take full ownership - hence, Hire Purchase. This is also sometimes known as a ‘Lease Purchase’ in the finance world.
Typically, you will place a 10%-40% deposit at the start of the agreement with a custom agreement length based on your current financial circumstances.
- Pay all the monthly payments
- Pay the Option To Purchase fee (£10)
- Take full ownership of your car
About us
We are a car finance lender, helping to make a difference.
We believe car finance should be straightforward to arrange, affordable to repay, easy to manage - and have a conscience.
Find out more