Looking for HP car finance deals? CarFinanced searches our full panel of trusted lenders to find the most competitive hire purchase car finance available. Whether you want HP on a new car or used car, with zero deposit or part-exchange — we find hire purchase deals tailored to your budget and credit profile. Own the car at the end of the agreement for just £10. FCA regulated, free quote in minutes.
CarFinanced is a credit broker not a lender. Representative example: Borrowing £5,500 over 4 years with flat rate of 10.4% and a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and total amount payable of £7,782. Finance subject to status. 18+ only.
Hire Purchase Car Finance Deals Available
HP Car Finance Deals
Spread the full cost of your car across fixed monthly payments and own it outright at the end — for just £10.
Used Cars HP Finance
Hire purchase on used and second hand cars — same fixed payments, no mileage restrictions, full ownership at the end.
HP Car Loan No Deposit
Zero upfront cost available — we arrange hire purchase car finance with no deposit through our lender panel.
Bad Credit Hire Purchase
Poor credit, CCJs, or defaults? We still find competitive hire purchase deals from lenders who consider all credit histories.
HP Car Purchase
HP is the straightforward route to car ownership — pay monthly, own it at the end. No balloon payment, no surprises.
HP Snapshot
Spread the cost with fixed monthly payments
No mileage restrictions like PCP
Own the car after the final payment + option to purchase fee (ONLY £10)
Deposit
May be required depending on the lender; 0% deposit options may be available.
Fixed term
Followed by a fixed monthly amount for the period of the loan.
Making car finance simple for 10,000+ customers
“I’ve used CarFinanced after being recommended by a friend and I’m so glad I did. Hass was brilliant from start to finish — kept me updated throughout and made sure I understood everything before signing anything. Got a great rate and the whole thing was sorted quicker than I expected. Will definitely be coming back when it’s time to upgrade.“
Albert James
Happy customer
“Quick, simple process. My account manager was great throughout. Very helpful, professional and quick with responses to any questions I had”
Kirsty Baillie
Happy customer
“I’ve bought many cars using finance companies in the past but none have been as good as CarFinanced. Special thanks and shout out to Hass for overseeing the process and ensuring I got the best deal on my new car in a very quick turnaround also.”
Mike Davis
Happy customer
“Honestly wasn’t sure what to expect but CarFinanced made the whole process really straightforward. Hass sorted everything out for me and was always on hand to answer any questions I had. Got into my new car way faster than I thought possible. Great service all round.”
Maria David
Happy customer
Your monthly payment will depend on a few things:
How much deposit you would like to pay
The period your agreement runs for
The interest rate on the loan
The car you decide on
How Do HP Car Finance Deals Work?
A Hire Purchase (HP) car finance agreement is a loan covering the cost of your new used vehicle minus the agreed deposit amount.
You as the customer will then repay the loan on a monthly basis at an agreed amount plus the interest applied on your chosen package.
A typical agreement will last between 1 and 5 years, with a ‘Purchase Option’ at the end, allowing you to take full ownership of the vehicle. Option to purchase fee is typically around £10.
Looking to buy your new car on Hire Purchase? We will need to run a credit check but don’t worry, loans are secured every day for people with a less than perfect credit score.
Why Get Your Hire Purchase Deal Through CarFinanced?
CarFinanced was built to help people drive the car they really want. Our mission is to give you the options so that you can make the best decision based on your personal circumstances.
No matter what your credit score looks like, we can help find you the best hire purchase deal. So whether it’s the new family car with the big boot, or a 2 seater sports car for a weekend blast, we are here to help.
Frequently Asked Questions
What is HP car finance?
Hire Purchase (HP) is a car finance agreement where you spread the full cost of the car across fixed monthly payments. At the end of the term, you pay a small option to purchase fee (typically £10) and own the car outright.
What are the best HP car finance deals available?
The best hire purchase deal for you depends on your credit score, deposit amount, and chosen car. CarFinanced searches our full lender panel to find your most competitive HP car finance deal.
Can I get HP finance on used cars?
Yes. Used cars HP finance is available through CarFinanced — hire purchase works on both new and used vehicles with the same fixed payment structure.
Can I get HP car finance with no deposit?
Yes. Zero deposit hire purchase is available through CarFinanced. No upfront payment required — subject to lender approval.
What is an HP car loan?
An HP car loan is a secured loan against your vehicle. You make fixed monthly repayments over 1–5 years and own the car after the final payment plus the £10 option to purchase fee.
Can I get hire purchase with bad credit?
Yes. CarFinanced works with lenders who consider all credit scores for HP car finance, including poor credit, CCJs, and defaults.
Are there mileage restrictions on HP car finance?
No. Unlike PCP, hire purchase agreements have no mileage restrictions — you can drive as much as you like without penalty.
What is the difference between HP and PCP?
With HP, you pay off the full car value in monthly instalments and own it at the end. With PCP, monthly payments are lower but cover only depreciation — ownership requires a final balloon payment.
How long can HP car finance terms last?
HP car finance terms typically run from 1 to 5 years. Longer terms mean lower monthly payments but a higher total cost.
What is the option to purchase fee in HP car finance?
The option to purchase fee is a small final payment — typically just £10 — that you pay at the end of your HP agreement to take full legal ownership of the car.
SAF Approved
About us
We pride ourselves on helping as many people as possible drive away in the car they want, without compromise. We understand that every car buyer has a different set of circumstances, so we work tirelessly to ensure we find the right car finance deal for you. Get your personalised quote today.
Contact info
- The Charter Building, Charter Place, Uxbridge, UB8 IJG
- info@carfinanced.co.uk
- 020 3917 4707
CarFinanced is a trading name of CarFinanced Limited. Registered address: The Charter Building, Charter Place, Uxbridge, UB8 1JG, England. Company number: 13109658.
VAT reg number: GB479628529. Information Commissioners Office (ICO) under registration number: ZA847951.
CarFinanced Ltd t/a CarFinanced is authorised and regulated by the Financial Conduct Authority under reference number 1014460.
We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. Depending on the supply route of your vehicle, we may charge a separate administration fee of £299. We will receive a commission from our panel of lenders when a finance agreement is successfully arranged. This commission may be a fixed fee or a fixed percentage of the amount borrowed, this does not influence the interest rate you’re offered in any way. All finance is subject to status and income. Applicants must be 18 or over.
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