Hire Purchase: Own Your Dream Car with Flexible Finance

Get a straightforward path to car ownership with our hire purchase agreements. Spread the cost with affordable monthly payments and own your car outright at the end of the term.

What is Hire Purchase?

Hire purchase (HP) is a popular car finance option that allows you to spread the cost of a vehicle over a set period. With HP, you pay an initial deposit followed by fixed monthly payments until the remaining balance is paid off. Once all payments have been made, the car is yours to keep.

Unlike other types of car finance, hire purchase gives you the opportunity to own the car outright at the end of the agreement. It's a flexible financing solution that can be tailored to fit your budget and needs, with no hidden fees or balloon payments at the end of the term.

Benefits of Hire Purchase

Fixed Monthly Payments

Know exactly how much you'll pay each month, making it easier to budget with confidence.

Full Ownership

Own your car outright once all payments are complete, with no balloon payment at the end.

Flexible Terms

Choose repayment terms between 12 to 60 months to suit your budget and circumstances.

How Hire Purchase Works

Choose Your Car

Select your perfect vehicle and decide on a suitable deposit amount. We'll help you find the right car within your budget.

Agree Terms

We'll work with you to determine a repayment plan that fits your budget, with flexible terms from 12 to 60 months.

Drive Away

Once approved, make your deposit and drive away in your new car. Continue making monthly payments until you own it outright.

Calculate Your HP Finance

Use our calculator to estimate your monthly payments and find a hire purchase plan that works for you.

Loan Calculator

Loan Amount:£10,000

Loan Term:48 months

Credit Rating:

Monthly Payment

£253.15

at 9.9% APR

Get StartedNo impact on your credit score

Rates from 9.9% APR. Representative APR 21.9%
We are a credit broker, not a lender