Used Car Hire Purchase (HP) Finance from 9.9% APR Representative
When it comes to financing your dream car, navigating the options can be overwhelming. At Available Car, we understand the importance of finding a solution that fits with your budget and lifestyle. Explore our range of cars on HP finance.
View All Used Cars on HP Finance
All the cars on our site are available for PCP and HP finance. Simply find a used car you like and get in touch with one of our team to discuss finance options.
What is a Hire Purchase (HP) agreement?
Hire Purchase is a traditional form of car finance designed to make owning your dream car achievable. Hire Purchase is a straightforward arrangement where you pay fixed monthly installments over an agreed-upon term. Once you have made all of the payments you own the vehicle.
How does Hire Purchase work?
With Hire Purchase, the total cost of the car is spread over a fixed period, typically 2 to 5 years. Each monthly installment includes both the cost of the car and interest, allowing you to pay off the full balance. Once the last payment is made, you gain full ownership of the car.
At Available Car - we are proud to be able to offer used car finance rates from as low as 9.9% APR, with a 11.9% APR Representative and all of our finance is available with a zero deposit should you choose!
Hire Purchase (HP) vs Personal Contract Purchase (PCP)
While Hire Purchase (HP) involves paying off the entire cost of the car over the term of the agreement, PCP can allow lower monthly payments, providing greater flexibility. PCP also enables you to embrace changing car models more frequently, staying up-to-date with the latest innovations and technologies.
Personal Contract Purchase (PCP)
Ownership
Ownership is optional at the end of the term.
Monthly Payments
Potentially lower fixed monthly payments due to a GFV.
Guaranteed Future Value Payment
At the end of the term you pay a GFV if you want to own the car outright.
Flexibility
More flexibility with options to Retain, Return or Renew at the end of the term.
End of Agreement Options
Retain, Return or Renew. Full ownership available by paying the GFV.
Mileage Restrictions
Mileage restrictions may apply; excess mileage charges.
Ideal for:
Individuals who prefer lower monthly payments and upgrade their car regularly.
Budgeting
Lower monthly payments offer budget flexibility.
Affordability
Lower monthly cost, but a final GFV payment if you choose ownership.
Hire Purchase (HP)
Ownership
Ownership is guaranteed at the end of the term.
Monthly Payments
Fixed monthly payments covering the total cost of the car.
Guaranteed Future Value Payment
No final GFV payment, as the full cost of the vehicle is spread across the term.
Flexibility
Simple fixed monthly payments throughout the duration of the term.
End of Agreement Options
Full ownership without additional payments.
Mileage Restrictions
No mileage restrictions as you will own the car.
Ideal for:
Those who prioritise ownership and plan to keep the car long-term.
Budgeting
Predictable monthly payments make budgeting straightforward.
Affordability
Generally, the total monthly cost is higher than PCP due to no GFV payment.
Alternatively Explore PCP Finance at AvailableCar
Explore our PCP finance option at AvailableCar. If you're unsure whether HP or PCP car finance is right for you, contact one of our team members today to discuss your options.