Hire Purchase

To complete the application process, you’ll need your vehicle’s registration number, the model, fuel type, transmission, age, mileage and purchase price. Once you’ve completed your quick quote you can enter your personal details and we’ll create your digital account where you can access your quote anytime. You’ll also need details about your business (you’ll need to be the business owner to apply), and details about the asset you’re buying such as supplier and deposit information.

Once you submit your application, we'll perform a credit search. If your application is approved, we'll let you know immediately and give you a date for when you'll receive your car. 

If you’re looking for a quick estimate of your borrowing costs, our quick calculator is what you need. It takes about one minute to complete.

It’ll help you get an idea of your options and then, if you’re ready to get a personalised quote and apply, you can start your online application here:

Get quote and apply 

A full personalised quote involves more detail and takes between five to ten minutes from start to finish.

During the contract period we'll be the legal owner, but you'll be responsible for maintenance, repairs and insurance. You’ll become the owner of the asset; for Conditional Sale agreements when you make the final monthly repayment and for Hire Purchase when you have paid in full and choose to pay the Option to Purchase fee.

Hire Purchase is a way for you to spread the cost of buying an asset over a number of years. You'll have to pay an initial deposit and can then spread the rest of the cost over the term of the agreement. You'll not own the asset until you've repaid the amount due under the agreement in full and paid the final Option to Purchase Fee, but you'll always have possession and be responsible for it. Read our Fixed Rate Hire Purchase (PDF, 181KB) and Variable Rate Hire Purchase (PDF, 215KB) factsheets for more information.

If you're a Sole Trader or Partnership of 2 or 3 partners borrowing up to £25,000.00, or a private individual borrowing any amount, your agreement will be a Conditional Sale. Like Hire Purchase, a Conditional Sale agreement allows you to spread the cost of buying an asset over a number of years but the key difference is you are contractually committed to buying the goods. Conditional Sale is regulated under the Consumer Credit Act 1974 (CCA), which gives customers certain rights and protections under the agreement. Read our Conditional Sale factsheet (PDF, 274KB) for more information. 

No. Your agreement type is determined by whether you meet the criteria for being regulated under the Consumer Credit Act 1974 (CCA).  Conditional Sale will apply if you're a Sole Trader or Partnership of 2 or 3 partners borrowing up to £25,000.00, or a private individual borrowing any amount.  Hire Purchase applies to all incorporated businesses borrowing any amount and unincorporated businesses borrowing over £25,000.