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.
Hire Purchase spread the cost of your car with fixed monthly payments — here's everything you need to decide.
Fast finance decisions
Access to a wide panel of trusted UK lenders
No mileage restrictions
Transparent pricing with no hidden costsNo. 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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