If you want to own your next car in the easiest way possible, then Hire Purchase (HP) Finance from Auto Market Place is the reliable option for you. With fixed monthly payments and no final balloon payment, HP Finance is an easy choice for drivers who want a transparent way to spread out the cost of a car and take full ownership at the end of the term.
You choose your car, provide a deposit and then pay back the remaining vehicle value in monthly instalments that are the same amount every month. When you make the final payment, the car belongs to you with no hidden costs and no fees. Our friendly team are happy to assist you by cutting through jargon and outlining your options, so you can confidently manage your finances while taking full ownership of the vehicle. HP finance is an uncomplicated and transparent way to take full ownership of your car without financial worry.
At Auto Market Place, we understand the long-term value. HP finance is designed for customers who wish to keep their car for several years and like to pay fixed sums each month over a period of time. With no mileage restrictions and full ownership at the end of the contract, it is a great way to secure a vehicle with genuine ownership.
With HP finance, you have clear terms without any hidden costs, and you own the vehicle outright once you have completed your final payment. HP finance is a great way to budget or plan your finances, as you have clear and fixed sums with the ultimate end goal of ownership. We can help you construct your arrangement to suit your deposit, your monthly budget and your timeframe.
Here is why we love using HP Finance for our customers who want ownership and absolute transparency in their vehicle purchase:
No surprises here, you will have fixed payments for your instalments throughout the contract. This is hugely beneficial for budgeting with confidence and getting you to take ownership.
Once you have completed your last monthly payment, the car is yours at 100%- no more costs, charges or end-of-term decisions.
PCP is not really suited to high-mileage drivers or drivers to keep their vehicle longer than the stipulated term. However, with HP Finance, you don't have any mileage restrictions, which puts you in control.
We work with a range of lenders to find a solution that works for your circumstances.
Our professional finance team is here to help provide support throughout the process, without any overly assertive sales tactics or deceptive terms.
No balloon payments—no uncertainty—just a simple path to ownership from Day 1.
Still have questions about HP finance? We’ve put together answers to the most likely one you’ll be wondering about:
HP is a way to spread the cost of your vehicle over fixed monthly payments. At the end of the term, you own the vehicle.
No. There is no balloon payment attached to HP. When you make your final payment, you automatically own the vehicle.
Yes, you can pay the agreement off in full early. We will make it clear if there are any terms attached to early repayments before you decide to go ahead.
The finance company owns the vehicle during the term of the contract. Reverts to you when you make your final payment.
If you do find you were in a position you can’t manage, reach out to us immediately. We want to work with you to sort something out and avoid further issues.
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