Hire Purchase (HP)
Learn Details on Hire Purchase
What is Hire Purchase (HP) Car Finance?
Hire Purchase (HP) car finance is a simple and transparent way to finance a vehicle, with a clear route to full ownership.
With an HP agreement, the finance provider purchases the vehicle on your behalf and retains ownership for the duration of the contract. You make fixed monthly payments over an agreed term, allowing you to spread the cost of the car with certainty and consistency.
Once all payments have been completed, including any final fees, ownership of the vehicle transfers to you outright. There are no mileage restrictions, and the car is yours to keep.
Hire Purchase finance is well suited to those looking to own their vehicle long-term, offering predictable payments and a straightforward structure for financing luxury, prestige and performance cars.
What would you like to finance?
We offer an unrivalled choice of competitive funding solutions, including PCP and Hire Purchase, as well as refinancing and equity release products.
Car Brands We've Financed
Which Car Brand Calls Out to You?
Explore tailored finance solutions, insights and case studies across the world’s most prestigious automotive marques. Select a brand to see how we structure funding for each vehicle.
Our Official Partners
Working With the Best Partners, Lenders & Dealerships
Our Finance Process
Finance in 4 Simple Steps
Our motor finance process is simple and transparent, with clear car finance options and no hidden fees. Our no-obligation application will not impact your credit score, allowing you to explore tailored finance solutions with confidence.
Apply & Consult:
1.
Complete one of our motor finance eligibility forms or speak directly with an AMF specialist. We’ll review your requirements and recommend the most suitable car finance solution based on your needs.
Credit Approval:
2.
Our experienced team manages the car finance credit approval process on your behalf, liaising with specialist lenders to secure the most competitive terms efficiently and discreetly.
Document Signing:
3.
Complete one of our motor finance eligibility forms or speak directly with an AMF specialist. We’ll review your requirements and recommend the most suitable car finance solution based on your needs.
Collect Your Keys:
4.
Funds are released promptly, allowing you to collect your vehicle and enjoy your new car with confidence, knowing your finance has been expertly arranged.
Approved Business Finance Ltd is an independent asset finance brokerage and a credit broker, not a lender. We work with a panel of lenders to find suitable finance options for your needs. If you enter into an agreement with a lender, typically we will receive commission for introducing you to them. We are committed to delivering high standards of service and handling any concerns promptly. Approved Business Finance Ltd is authorised and regulated by the Financial Conduct Authority, FRN 1020031. ICO Registration Number: ZB424677. Registered in England and Wales (Company No. 11914104). Registered office: Seebeck House, Seebeck Place, Milton Keynes, MK5 8FR. Approved Business Finance Ltd also operates under these additional trading styles: Approved Property Finance, Approved Motor Finance, Approved Finance, and Approved Finance & Leasing LLP.
Our policies are available to view at the links above.