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HP Car Finance

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Rates from 9.9% 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.

4.9 Stars

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 9.9% 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.

What is HP Car FinanceWhat is Hire Purchase Hire purchase (HP) agreements can be a convenient way to finance a vehicle purchase, as they typically offer lower monthly payments than traditional auto loans. A vehicle HP is an agreement where you hire the vehicle, pay a deposit and agree to repay the remainder of the purchase value of the car in regular monthly instalments. The loan for the car is held against the car, so you do not own the vehicle until the final payment is made including the option to purchase fee.
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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
Frequently Asked Questions

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.
Get in touch
Get in touch
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 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 330 Centennial Park, Centennial Avenue, WD6 3TJ.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.
Contact Info
330 Centennial Park, Centennial Avenue, WD6 3TJ
sales@vizionfinance.co.uk
+0203 322 1905