Hire Purchase (HP)

Choose this option if you’re looking for something simple and straightforward, but want to be able to hand the vehicle back at the end of the term.

A deposit of around 10% is usually required and the term can be 1 - 5 years. The finance is also secured against the vehicle.

With fixed monthly payments, at the end of the term there is no lump sum. Instead, you’ll have two options: pay an ‘option to purchase’ (OTP) fee and become the full legal owner of the vehicle, or hand the vehicle back to us and walk away.