Hire Purchase

Hire Purchase, sometimes referred to as HP, is the simplest way to buy your next vehicle.
Use our finance calculator to work out your monthly repayments.
Finance Calculator

What is a hire purchase agreement?

With a Hire Purchase loan, you pay a deposit at the start of the agreement and then the remaining balance is repaid from 12 to 60 months. If you’re part exchanging a vehicle then you can use this as a deposit too.

We’ll work to fit the length of your loan around your monthly budget or how often you like to change your vehicle.

Your payments are fixed throughout your loan and you can settle your agreement at any time, allowing you to change your vehicle before the end of your agreement. Once you have finished making your repayments, the vehicle becomes yours.

We don’t rely on computers to make a decision about your application. Instead, our team of experts combine their years of experience with modern technology to provide a personal, friendly and professional service.

How does it work?

  1. Our finance calculator

    Use our finance calculator or speak to us for a quote. If you’re happy with it, we’ll just need to take some basic information from you to start your application.

    Finance Calculator
  2. Your application

    Once we’ve approved your application, we’ll speak to you to arrange completion of the paperwork.

  3. Your new vehicle

    Once the paperwork has been completed, we’ll pay the balance direct to the dealership in time to collect your new vehicle!

What if I want to change my vehicle?

If you decide you want to change your vehicle part way through your loan then all you need to do is speak to us to get a settlement figure.

This is the amount required to settle the outstanding loan but as it’s secured on your vehicle, you may be able to sell or part exchange your vehicle to do this.

Once you know what your settlement figure is, we’ll talk you through the process of changing your vehicle, ensuring your new finance is right for your needs.

We also offer our customers the ability to make partial settlements, this allows you to repay some of your outstanding finance and reduce your monthly repayment.

If you want to know more about Hire Purchase or if you’ve seen a vehicle and would like a quote, contact your local team on 01228 595939 or use our finance calculator.