• HP Finance Explained

HP Finance Explained

Car finance can be a confusing matter, so to make things simpler, we've explained exactly what types of finance we offer here at West Motors, and how it works.

What is Hire Purchase Finance (HP)

Hire Purchase (HP) is one of the most common forms of used car finance available. HP finance means that for the period of time you're paying for the car, you effectively hire the car from a selected lender until the vehicle has been paid for in full. The loan from your lender is secured against the car, so you won't fully own it until you've made your final payment.

Choosing HP finance will give you the ability to spread the cost, decide if you want to put down a deposit first, and allow you to own the vehicle outright at the end of your agreement. You’ll also have the option to pay off any outstanding finance at any point during the agreement and won’t be restricted to a certain number of miles per year. 

As with any financial agreement you enter into, we recommend that you fully understand all of the terms and conditions and are aware of all the commitments you are making, including any associated risks should you not meet the monthly repayments.

Why Finance Through West Motors?

By choosing to finance your car through a reputable dealership such as West Motors, you can tailor the finance package to suit you and your needs, whilst having peace of mind that all the hard work is done for you. 

Still unsure if Hire Purchase finance is the right choice for you? Our experienced and helpful team is able to answer all your questions. Simply fill out the form below to submit an enquiry, or call us on 01895 379525 to find out more. 

Hire Purchase Finance Enquiry
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To save timely negotiation all our cars are heavily discounted upfront and offered nearer cost price, saving customers up to £2000 when compared to our competition. This ensures we are treating every customer the same. This fee is a compulsory fee and applies to all customers.

Variable admin fee is charged as listed below:

  1. Retail customers pay £199.
  2. Repeat customers purchasing a 2nd car within 12 months of the original invoice date £0
  3. Retail customers arranging finance using brokers outside of our immediate panel of lenders £499
  4. Trade customers making a purchase as the motor trade £549
  5. Export customers including Northern Ireland and the Republic of Ireland £599