HP car finance is one of the most popular car buying options in the UK. HP finance stands for Hire Purchase and forms part of our car finance options alongside PCP (Personal Contract Purchase). We’ll delve into why it’s a popular choice amongst car shoppers at FOW.

Hire Purchase agreements are all about stability. Often coined as the ‘traditional’ way to buy a new car, Hire Purchase agreements benefit from fixed monthly payments throughout the entire term of the agreement. Once you’ve made your final payment you own the car outright. Unlike a Personal Contract Plan, there’s no optional final payment or ‘balloon’ payment.

What does this mean? With Hire Purchase you can choose to keep the car, or if you fancy a new one you can use 100% of the vehicle’s value as a part exchange towards a new car. Our vehicle experts will work with you to secure the best possible price so you can drive away with confidence.

And you can apply online or in-store. Our Deal Builder tool is really easy to use and available on every vehicle page. Simply choose your deposit and how long you want to keep the car for and you’re all set.

If you prefer you can chat to one our experts, in-store or over the phone. Our experts are Specialist Automotive Finance (SAF) accredited so you can buy with confidence. Applying is easy with reservation fees starting from just £250.

Don’t for get to check your eligibility before applying - available now on any of our vehicle pages. It’s free and won’t affect your credit rating.

You can also use our finance calculator online, chat to our team on WhatsApp or visit our showrooms. Let’s make your car buying experience a great one!

Our aim is to secure a suitable finance agreement for you that enables you to achieve your financial objectives. You are not obliged to accept our offer, and we do not charge a fee for our services. If you purchase a vehicle, in the majority of cases, we will receive a commission from your lender for introducing you to them which is either a fixed fee or a fixed percentage of the amount that you borrow. Different lenders pay different commissions for such introductions and any such amounts paid to us will not affect the amounts you pay under your finance agreement; however, you will be contributing towards the commission paid to us with the interest collected on your repayments. Before we propose you to a potential lender, we will inform you of the likely amount of commission we will receive and seek your consent to receive this commission. The exact amount of commission that we will receive will be confirmed prior to you signing your finance agreement. All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over. Guarantees may be required.