Understanding a Hire Purchase finance plan
HP is a way to purchase a car outright without paying for it upfront.
You agree on a set of monthly payments over a set period of time with an agreed-upon interest rate applied.
Once the last payment is made the car is owned outright.
Hire Purchase is an agreement in which you decide the amount you would like to put down as a deposit on your chosen vehicle and agree on the term of your agreement.
Then throughout the term of your agreement, you pay the regular installments over the agreed term until the remainder of its value is repaid.
Once the value of the car is completely repaid, you own it outright.
All that's left to do is hit the road!
Our vehicles are hand-picked based on quality. We ensure every vehicle's history and mileage are independently checked and verified. And we carry out HPI checks for further peace of mind.
We have a number of flexible finance options available to you. From a Personal Contract Plan, to a Hire Purchase plan or buying outright. You're in the driver's seat.
Get 6 months warranty and 3 months MOT complimentary with every purchase of our premium used cars.
Every vehicle will have a full professional valet before you collect it so that it has that new car feel, even if you know better.
Our vehicles are hand-picked based on quality. We ensure every vehicle's history and mileage are independently checked and verified. And we carry out HPI checks for further peace of mind.
We have a number of flexible finance options available to you. From a Personal Contract Plan, to a Hire Purchase plan or buying outright. You're in the driver's seat.
Get 6 months warranty and 3 months MOT complimentary with every purchase of our premium used cars.
Every vehicle will have a full professional valet before you collect it so that it has that new car feel, even if you know better.
HP is a straightforward route to ownership in which you can work your way up to full ownership, spreading the overall cost over a fixed term.
A PCP is a flexible method of financing a vehicle over a fixed term. The agreement defers your decision of whether you purchase, hand back or part-exchange your vehicle until the end of your agreement.
If at any point you wish to voluntarily terminate your agreement, the vehicle will be subject to our return checks, as vehicle condition, excess mileage and other charges may be payable.
A 'Fair Wear & Tear' clause and a maximum of 20,000 miles will apply if the vehicle is returned at the end of the agreement and may apply in the event of Voluntary Termination.
Once your final payment is made as well as a nominal 'Option to Purchase Fee' of £10, you will own the vehicle outright.
£20,595
6,862 miles
£13,495
35,354 miles
£17,295
21,294 miles
£22,895
9,526 miles
£18,495
61,255 miles
£14,995
40,895 miles
£20,795
28,700 miles
£34,995
10,165 miles
Finance Representative Example (HP): Based on a cash price of £18,795 with a £1000.00 deposit, borrowing a total credit of £17,795.00 and making 48 monthly payments of £446.87. Total amount payable of £22,449.76. Representative APR of 11.9%, 9.46% fixed interested rate, 10,000 annual mileage limit with a 8p excess mileage charge.
