Hire Purchase (HP) is one of the most straightforward and popular ways to finance a car in the UK. If you want to own the car at the end, and avoid mileage limits or final balloon payments, HP might be the perfect journey for you.
Choose your car — from a dealership or from Autoloom.Agree a deposit — or go with £0 deposit if eligible.Set your monthly term — typically between 24–60 months.Drive away — make fixed payments. Once the final one is paid, the car is yours.You don’t own the car until the last payment is made, but there are no unexpected fees and no mileage restrictions during the agreement.
Drivers who want full ownershipBuyers planning to keep the car long-termCustomers looking for fixed monthly budgetingDrivers who upgrade frequentlyThose seeking the lowest monthly cost (PCP may be cheaper monthly)Not always. Some of our lenders offer no-deposit HP options.
Yes — we have lenders that offer HP to non-prime customers based on affordability.
Yes, early settlement is possible. We’ll provide a settlement figure at any point.
You can use HP to finance used, nearly-new, or approved vehicles.
With HP, you own the car at the end. With PCP, you pay a final balloon if you want to keep it.
Our approval process is typically very quick. In most cases, you can receive a decision within minutes of submitting your application. Once approved, we'll work with you to finalize the details and get you on the road as soon as possible.
