A side view of a silver crossover SUV car. The front quarter is on a pink background, the rear three quarters are on a blue background. This is to show how much is paid upfront and how much is paid across the rest of the Hire Purchase agreement.

Hire Purchase

What Is Hire Purchase (HP)

Hire Purchase is a popular car finance lending option that allows you to spread the cost of a vehicle over an agreed term by paying fixed monthly instalments.

Under a HP agreement you are effectively hiring the car until you have paid the loan amount in full, at which point you become the new owner of the car.

You choose how much you want to borrow over an agreed term and your monthly repayments (with interest) will be divided equally.

An initial deposit is usually required to get started, with the remaining balance paid off via monthly repayments.

You will also have the option to pay off the balance early, or terminate the agreement early if your circumstances change.


Apply for Hire Purchase today, and receive an instant decision without affecting your credit score.

3 Easy Steps To Get Hire Purchase

Step 1:

Complete a quick online application that does not affect your credit profile.

Note: at this stage it doesn't matter if you have yet to find a car, or if you don't know exactly how much you need to borrow.


Step 2:

Once your application has been accepted a friendly consultant will make contact with you to discuss your requirements and options.

Your consultant will be dedicated to support you throughout the process and to ensure you get the fairest agreement that suits your individual circumstances.


Step 3:

Once you have agreed your loan terms you can then choose your car and receive delivery at your chosen address.

Your dedicated consultant can also help you find the car you want and work hard to get you the best deal across our trusted national dealer network.


Apply for Hire Purchase

Advantages Of Hire Purchase

Hire Purchase is still a very popular finance solution for many because you can budget for a fixed monthly payment and you get to keep the car at the end of the agreement with nothing owing.

A Hire Purchase is an option available to most people (even if you have a low credit score), with early termination options should your circumstances change.

You also get to enjoy no mileage restrictions during your agreement and so the car feels more like your own from the start.


Apply online today for a no obligation quote, without affecting your credit score.


Why Choose Hire Purchase?

Widely available to a range of credit backgrounds

Easy budgeting with fixed interest rates

Enjoy the freedom of no mileage limits

The car is yours at the end of the agreement

Hire Purchase Finance Example

A silver crossover SUV car. The rear quarter is on a pink background, the front three quarters are on a blue background. This is to show how much is paid upfront and how much is paid across the rest of the Hire Purchase agreement. A coloured line below the image is 15% pink deposit, 85% dark blue monthly repayments, representing how much the price of the vehicle is divided across the agreement.

Rates start from 9.9% APR.

Representative example: borrowing £7,500 over 48 months with a REPRESENTATIVE APR of 24.9%, an annual interest rate of 24.9% (Fixed) and a deposit of £0.00, the amount payable would be £238.10 per calendar month, with a total cost of credit of £3,928.80 and a total amount payable of £11,428.80.

Rates may differ as they are dependent on individual circumstances. Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.


Find out how much you can borrow using our Hire Purchase Calculator.


Terms and conditions apply. Subject to status, application and credit acceptance.

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Your application only takes a couple of minutes and won't affect your credit score.

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