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HP Car Finance

Simple, transparent finance designed around you.

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No impact to your credit score

Rates from 8.9% APR. Representative APR 16.9%

Representative example: borrowing £7,000 over 4 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00 the amount payable would be £201.62 per month, with a total cost of credit of £2677.92 and a total amount payable of £9677.92. This is an example only, lender fees may apply. All finance subject to status.

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HP

PCP

Car Finance Calculator

Vehicle Price:

£

0

Initial Payment (Deposit):

£

0

To Pay Over:

48

Months

Assuming your credit score is:

Best Available Rate

9.9%

Initial Borrowing

£0

Total Cost of Credit

£0

Total Amount Repayable

£0

48 Monthly

Payments of

£0

Rates from 8.9% APR. Representative APR 16.9%

Representative example: borrowing £7,000 over 4 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00 the amount payable would be £201.62 per month, with a total cost of credit of £2677.92 and a total amount payable of £9677.92. This is an example only, lender fees may apply. All finance subject to status.

Hire Purchase (HP) Car Finance | Affordable HP Deals UK

Looking for a simple and affordable way to finance your next car? At Vizion Finance, our Hire Purchase (HP) car finance options give you a clear and straightforward path to car ownership, with fixed monthly payments and the flexibility to pay a deposit or choose a no deposit car finance plan.

Whether you're searching for car finance hire purchase deals, need a hire purchase car finance calculator, or want guidance on bad credit car finance, we make the whole process fast, transparent, and stress-free.

What is Hire Purchase (HP) car finance?

Hire Purchase is one of the most popular ways to finance a car in the UK. Instead of paying the full cost upfront, you spread the value of the vehicle across monthly instalments over an agreed term.
  • Pay a deposit (optional)
  • Make fixed monthly payments
  • Pay a small option-to-purchase fee at the end
  • Own the car outright once all payments are complete
With no balloon payment and no mileage limits, HP is ideal if you want a simple, predictable route to car ownership.

How Hire Purchase car finance works?

1

Choose your car

You can finance almost any used or new vehicle with HP. We can help you secure the best car hire purchase finance for your budget with our range of car finance options.
2

Set your deposit

Choose a deposit that suits your finances or opt for a no-deposit hire purchase car finance deal if you'd prefer to pay nothing upfront.
3

Apply online

Our quick online application checks your eligibility with no impact on your credit score. You can use our car finance eligibility checker, and we also work with lenders who consider hire purchase car finance for bad credit customers.
4

Drive away and make fixed payments

Once approved, you make monthly payments until the agreement ends. Then, for a small final fee, the car becomes yours.

For personalised estimates, use us car finance hire purchase calculator to see what your monthly payments could look like.

Benefits of HP car finance

  • Fixed, easy-to-manage monthly payments
  • No mileage restrictions or balloon payments
  • You own the car at the end
  • Suitable for a wide range of credit profiles
  • Low or no-deposit options available
  • Simple, transparent structure with no hidden surprises

Is Hire Purchase right for me?

HP is ideal if you:
  • Want to own the car at the end
  • Prefer predictable, fixed monthly payments
  • Don't want mileage limits
  • Don't want a large final balloon payment
  • Need flexible options, including cheap hire purchase car finance or poor credit support

Get an HP car finance quote today

Ready to get started? Explore your options with Vizion Finance and secure the best deal on hire purchase finance cars.

Use our car finance calculator, check your eligibility, and let our team find the right HP car finance package for you.

Start your Hire Purchase application today fast, easy, and tailored to your budget.

Frequently Asked Questions

Hire Purchase allows you to spread the cost of a vehicle with fixed monthly payments. You pay an initial deposit (optional), make monthly instalments, and pay a small “option-to-purchase” fee at the end to own the car outright.

Your lender buys the car on your behalf. You make agreed monthly payments until the end of the contract. At the end, once the final fee is paid, the car is yours.

HP (Hire Purchase) requires higher monthly payments but guarantees ownership at the end of the term with no large final payment. PCP (Personal Contract Purchase) has lower monthly payments but requires a balloon payment (typically thousands) to own the car. HP is better if you want certainty of ownership and plan to keep the car long-term.

Yes, you can settle an HP agreement early and are entitled to a rebate of interest under the Consumer Credit Act. Early settlement figures typically save you 20-40% of remaining interest. We can provide an exact settlement quote at any point during your agreement.

We work with lenders who accept credit scores from 300 upwards. While rates are better for those with good credit (670+), we've secured HP approvals for customers with CCJs, defaults and even recent bankruptcies. A larger deposit (15%+) can offset lower credit scores.

HP often beats personal loans for: 1) Higher approval rates, 2) Ability to finance older cars, 3) Protection if the car is faulty (under CCA 1974). Personal loans are better if: 1) You have excellent credit, 2) Want to own immediately, 3) Are buying privately. We compare both options for you.

No. Unlike PCP, HP agreements do not usually impose mileage limits.

No. Getting a free quote with Vizion Finance only involves a soft search that doesn't impact your credit score.
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How does Car Finance work?

Here’s a quick example: Let’s say you want to buy a car worth £10,000. You wish to pay a 10% deposit - which is £1,000. Your lender pays the remaining £9,000 for you. You sign a 48-month contract at 8.9% APR. So, your monthly payment will be £222. With the interest, the total amount you end up paying will be £10,730. You pick up the car immediately and use it directly after the deal is finalised. At the end of your contract you pay a small option-to-purchase fee around £200* and own the car outright. *Option-to-purchase fee varies by lender

Let`s get started?Getting a Free Quote with Vizion Finance only takes 5 minutes, and will not affect your credit score
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Phone:0203 322 1905
Email:sales@vizionfinance.co.uk
Business Hours:
  • Monday to Friday 09:00 - 20:30
  • Saturday 10:00 - 19:00
  • Sunday 10:00 - 17:00
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Vizion Autos Ltd t/a Vizion finance is an authorised credit broker, not a lender, registered in England, company registration number 12299957. We are authorised and regulated by the Financial Conduct Authority under reference number 920157. The registered office address Unit 204 Brooker Road, M25 Business Centre, Waltham Abbey, England, EN9 1JH.We can introduce you to a limited number of finance providers on our panel depending on your credit rating and affordability. By introducing your details, we receive a commission from our finance partners/lenders. This is a fixed percentage or figure and may vary by lender/partner, however this will never impact the rate or acceptance you are provided. Further information can be supplied on request. There is no fee charged by us for arranging the car financing or car warranty, but some lenders may charge a fee. All finance is subject to status and income. Written quotations are available on request. ICO Number ZA798078.
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Unit 204 Brooker Road, M25 Business Centre, Waltham Abbey, England, EN9 1JH
sales@vizionfinance.co.uk
+0203 322 1905