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HP Car Finance

Our HP car finance solutions help you spread the cost of your car over a few months. Great for those on a budget, even better for those who want to own their car outright.

Affordable, flexible, and tailored to you.

At We Finance Any Car, we are all about making the everyday easy. So say goodbye to clunky cars and scary bills. With the help of Hire Purchase, you can now bag a reliable and high-quality vehicle without the financial burden of paying for everything upfront. 

With our easily-accessible car finance options, you’re one step closer to buying the wheels you want. Plus, our specialist lenders use a soft search tool to determine whether you’re the right fit, so you don’t have to stress about harming your credit score. With us, it’s plain sailing. 

Simply submit an online application and our friendly team will be in touch. 

Haven’t found a car that ticks all your boxes? We have a wide range of new and used vehicles to choose from, including some big-name brands. 

Find yours today! 

What you can expect from our HP car finance service:

-Fixed monthly payments

-All applications considered

-No mileage restrictions

-No damage to your credit score 

-FCA-authorised car dealers 

No deposit required

-End-to-end support, every step of the way

Make car buying a breeze with our Hire Purchase finance solutions – apply today.

Why choose us for HP car finance?

Because we put you first. 

At We Finance Any Car, we understand how complicated car finance can be. And if you’re a first-time buyer or you’re experiencing financial difficulties, it can be especially tricky. 

Our team of experts are here to make everything a little easier. 

A personalised approach

With us, you will benefit from a personalised approach. This means that your individual circumstances will be taken into account when securing a Hire Purchase agreement – from the car itself to a loan that you can comfortably afford.  

Tailored to your needs

Even better, you can tailor the repayment process to meet your needs – whether that’s higher monthly payments for a shorter term or lower monthly payments over a longer period. Of course, this will also depend on your credit rating. But don’t worry, we’ll take care of all the important stuff for you.

Experienced team

For some, this might be your first time applying for Hire Purchase finance. For others, this won’t be your first rodeo. Either way, you need a team of experts by your side to ensure the process is as smooth as possible. 

Through specialised guidance, a wide network of lenders and full transparency from the start, you’ll be behind the wheel in no time.

Find a finance solution that works for you today.

Need a car but can't buy it outright? Hire Purchase is for you...

Let’s face it, cars are expensive. And with other financial commitments to think about, not everyone will have the means to pay for a car in full and all in one go – whether new or used. 

That’s why more and more people are turning to Hire Purchase car finance. 

As a more affordable and manageable solution, it will give you access to a car that you deserve without breaking the bank. So you can enjoy both the everyday convenience of owning a vehicle and financial peace of mind. 

Key considerations:

  • Have you chosen a car that is realistic for your budget? Higher-end cars come with higher price tags, so bare this in mind. 
  • Do you have a healthy credit score? We review all applications, however, being financially stable will help to improve your chances. With a strong rating, you may also receive more favourable loan terms. 
  • Although not essential, have you considered making a deposit? If you have the means, it can help to lower the monthly instalments.

Hire Purchase: How does it all work?

There’s a lot of unnecessary faff when it comes to car finance. Our process is straightforward and designed with you in mind. 

  1.  Find your perfect match – Explore local dealerships or browse our selection of quality vehicles available to finance. 
  2. Submit an application – Our online form is quick and easy. 
  3. Start your monthly payments – This will be a fixed amount each month until you’ve fulfilled the loan agreement. 
  4. Enjoy complete car ownership – Once your loan term comes to an end, you can drive away in a car that you own without having to pay an additional lump sum. 

Calculate your monthly payments here and stay on top of your finances.

Hire Purchase Car Finance

Straight forward car finance with the benefit of no mileage restrictions and you own the car at the end.

Car 1.1
What is Hire Purchase car finance?

HP (Hire Purchase) car finance allows you to split the cost of a car into manageable chunks. In this agreement, you will be required to pay a fixed amount over a number of months. Generally speaking, this will be anywhere between 24 to 60 months. 


What happens during the loan term?


While you’re paying back the loan, the car technically belongs to the lender. However, you are free to use it as your daily driver – whether that’s popping to the shops, carting the kids around town or getting to work and back. 


What happens at the end of the agreement?


Once you’ve met all the monthly payments and the lender is happy, the car is officially yours. 

What are the minimum and maximum payment periods for HP?

Between 24 and 60 months.

Can I get out of my HP Agreement?

Yes! All Finance companies must give the option for you to settle payment during the course of the agreement. You simply need to contact the finance company and ask for a “settlement figure” (sometimes known as a redemption statement). When this is paid, the car is yours and the finance company will transfer full ownership to you.

Is Hire Purchase (HP) known as something else?

Conditional Sale (CS) is very similar to HP, the main difference is that at the end of the agreement you need to make a purchase payment (generally very small) in order to take ownership, whereas with Conditional Sale, on the final monthly payment the car automatically becomes your property.

Can I use "Voluntary Termination" under a Hire Purchase Contract?

Yes. Voluntary Termination (VT) is typically applied when more than half of what is owed on the car at the start of the agreement has been paid off. You may want to VT for a number of reasons but provided you are past the half way point, or you “make good” on paying half of the total amount (incl. any fees) then under the Credit Consumer Act 1974 you have the right to VT using the “rule of half”.

Is HP a better choice than PCP car finance?

The best choice for you will depend on a variety of factors, including your current financial situation, how you plan to use the car, and how much flexibility you’re after. 


If you’re unsure, a member of our team will be able to support you!


Compared to Hire Purchase, Personal Contract Purchase (PCP) car finance is directed towards those who like to switch up their car every so often. At the end of this type of agreement, you will have the option to return the vehicle or even part-exchange for another one.


In this sense, it gives you more freedom with car buying. 


What about the monthly payments?


With HP finance, the cost of the car will be divided up into equal payments. With PCP finance, you are only paying for a portion of the car’s total cost – this can lower the amount you have to pay each month.


If you want to keep hold of the car at the end of a PCP agreement, you will need to make an additional final payment. 


Does this sound more up your street? Check out our PCP finance solutions today. 

Can I choose any car with a hire purchase agreement?

Well, it depends. 


Opting for hire purchase car finance will generally give you access to a wide range of cars. With this added flexibility, you can now purchase a vehicle that meets your specific requirements.


From luxury brands that elevate the daily drive to cars that offer plenty of boot space and even fuel-efficient models, you won’t have to settle for less ever again.


With that being said, the terms and conditions of the agreement will differ from lender to lender. This means that you may not have complete free reign when it comes to choosing a car. For instance, there might be some restrictions on the vehicle type, age and mileage. We would always recommend having a chat with your lender.


Another factor to consider is your creditworthiness.

  • If you have a strong score, and if your budget allows, you may be able to aim higher with your car choice.
  • If you have a lower score, it might be wise to choose a model with a lower price tag. Not only will this increase your chances of approval but it will allow you to manage your budget more effectively, saving stress in the long run. 

Why not opt for a pre-owned car?


With so many great deals to be found, the second-hand market is busier than it’s ever been. Whether you’re looking for a spacious family car, a sleek city car, or something in between, you’re sure to find something that suits.


And at We Finance Any Car, we make purchasing a used car through finance even easier.

I have a bad credit history - can I still get approved for Hire Purchase?

Your credit rating is a big factor in determining whether your application gets approved for any car finance agreement – a low score could impact your chances.


But don’t be disheartened.


Although there may be a few obstacles along the way, Hire Purchase could still be an option. Due to the nature of this type of agreement, lenders may be more willing to consider applicants with a bad credit score. 

At We Finance Any Car, we recognise that finance rejections can be tough, especially if you’re in desperate need of a car. Working with experienced lenders who have an open-minded approach, we offer a specialist service for those hoping to secure Hire Purchase finance with bad credit.


So, whether you’re struggling with a poor credit rating or you’re a young driver with an incomplete credit history, you’ve come to the right place.

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About Us

If you are looking for car finance, you are in the right place!

We have years of experience in car finance, a very extensive lending panel and a team that is set up to get you the car you want at the best finance rate possible. If you have already found a car and just need the finance – great! If you need help finding a car then we are there for you as well – in fact, we have access to over 300,000 cars.

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