Spread the cost of your car with fixed monthly payments and no mileage limits. With HP finance, you will own the car outright once all payments are complete. There are no surprises and no large final payment.
Hire Purchase (HP) is one of the simplest and most transparent ways to finance a car. You pay an initial deposit, then spread the remaining balance across fixed monthly payments over an agreed term. Once all payments are complete, ownership of the car is transferred to you. There is no optional final payment and no mileage restriction. This makes HP a strong option if you want full ownership with predictable costs.
Pick your car
Choose the car that suits you.
Pay a deposit
Secure your car with an upfront deposit, usually from 10%.
Agree your terms
Agree a fixed term and monthly payment that works for you.
Make monthly payments
Make regular monthly payments over the agreed term.
Own the car
At the end of the term, the car is fully yours to keep.
Pick your car
Choose the car that suits you.
Pay a deposit
Secure your car with an upfront deposit, usually from 10%.
Agree your terms
Agree a fixed term and monthly payment that works for you.
Make monthly payments
Make regular monthly payments over the agreed term.
Own the car
At the end of the term, the car is fully yours to keep.
Hire Purchase spread the cost of your car with fixed monthly payments — here's everything you need to decide.
Own the car outright
Full ownership once all payments are complete.
No mileage restrictions
Drive as much as you like with no limits.
Fixed monthly payments
Budget with confidence every month.
Simple and straightforward
Easy to understand with no surprises.
Transparent pricing
No hidden fees or unexpected charges.
No. The finance company owns the car until the final payment is made.
No. You can drive as much as you like.
Yes. Early settlement is possible, but charges may apply.
Deposits usually start from around 10 percent, but this depends on your profile.
You should contact your lender immediately. Missed payments can affect your credit file.
Product
Conditional Sale
Cash Price
£16,450.00
Deposit
£1,645.00
Total Amount of Credit
£14,805.00
Total Amount Payable
£21,495.20
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
6.8%
Duration of Agreement
60 Months
Initial Payment
£330.87
Monthly Payment
£330.67 x 58
Final Payment
£340.67
APR Representative
12.9%
Product
Conditional Sale
Cash Price
£16,450.00
Deposit
£1,645.00
Total Amount of Credit
£14,805.00
Total Amount Payable
£21,495.20
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
6.8%
Duration of Agreement
60 Months
Initial Payment
£330.87
Monthly Payment
£330.67 x 58
Final Payment
£340.67
APR Representative
12.9%
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