Used AUDI
Used BMW
Used FIAT
Used FORD
Used MINI
Used NISSAN
Used RENAULT
Used SKODA
Used VOLKSWAGENWhat is Hire Purchase (HP)
Broadland Cars in Wroxham, near Norwich, make it simple to spread the cost of your next vehicle with Hire Purchase (HP) car finance. Serving drivers across Norfolk, our HP finance options offer fixed monthly payments, flexible terms, and a straightforward route to full ownership of your used car. Whether you’re upgrading your family car or choosing your first vehicle, our specialist team is here to help you find the best deal. With HP finance, you choose your car, pay a deposit, and then make fixed monthly payments until the agreement ends. It’s a simple and secure way to drive away in a quality used car, right here in Norfolk. Below we have given some guidance on Hire Purchase (HP).
How does Hire Purchase work?
Hire Purchase finance allows you to spread the cost of your car over a set period of time. You’ll normally pay a deposit upfront, followed by fixed monthly instalments. Unlike a lease, with HP you are working towards full ownership of the car. Once the final payment is made, the vehicle is legally yours. At Broadland Cars Norwich, we’ll guide you through the finance process to make sure it suits your budget and lifestyle.
How long do Hire Purchase contracts last?
Most HP contracts in the UK last between 24 and 60 months. At Broadland Cars Wroxham, we work with trusted finance providers to offer flexible terms so you can choose the agreement length that works best for your needs. A longer term may reduce your monthly payments, while a shorter term means you’ll own the car outright sooner.
How do I pay each month?
Your payments are fixed, making it easy to budget. Each month, you’ll pay an agreed amount until the contract ends. Payments are made directly to the finance company, and there are no unexpected surprises. This makes HP finance a popular choice for drivers in Norwich and the surrounding Norfolk villages who want reliability and clarity when financing their next used car.
What happens at the end of a Hire Purchase agreement?
At the end of your Hire Purchase term, once you’ve made your final payment (and sometimes a small option-to-purchase fee), the car becomes yours. Unlike PCP finance, there are no balloon payments or mileage restrictions. You’ll own the car outright, free to keep it, sell it, or part exchange it for another quality used car from Broadland Cars in Norfolk.
Things to be aware of with Hire Purchase
While HP is straightforward, there are a few things to consider:
- The car isn’t legally yours until the final payment is made
- Missing payments could result in repossession
- A deposit is usually required upfront - at Broadland Cars we can offer nil deposit finance
- Interest rates vary depending on your credit profile
Our team at Broadland Cars Norwich will always explain the full details before you sign any agreement.
Should I get a car on Hire Purchase?
Hire Purchase finance is ideal if you want a clear path to ownership and fixed monthly payments. HP could be the best option for financing your next used car. It gives you stability, no mileage limits, and ownership at the end — making it perfect for those who plan to keep their car long term.
Pros of Hire Purchase (HP)
- Clear route to full ownership
- Fixed monthly payments make budgeting easy
- No mileage restrictions
- Flexible deposit and term options
- Widely available on used cars in Norfolk
Cons of Hire Purchase (HP)
- You don’t own the car until the last payment is made
- Monthly payments can be higher than PCP because there is no ballon required at the end unlike with PCP
- A deposit is normally required, but at Broadland Cars we can offer nil deposit finance
- The car can be repossessed if you miss payments
What to look for in Hire Purchase deals
When comparing HP finance, pay attention to:
- The APR interest rate
- The length of the contract
- Any fees (such as option-to-purchase fee)
- Admin fees - at Broadland Cars we do not charge an admin fee
- The size of your deposit
- The total cost of credit
At Broadland Cars, we’ll help you find the best HP finance deal tailored to your budget in Wroxham, Norwich, and surrounding Norfolk areas.
Applying for HP Finance
Applying for used car finance in Norwich and Wroxham is simple with Broadland Cars. We’ll take some basic details, run a quick finance check, and let you know the options available. We work with trusted lenders across Norfolk to make sure you get the best deal possible.
How will I know if I am eligible?
Eligibility is subject to status and terms and conditions, but generally, lenders look at:
- Your credit history
- Your income and outgoings
- Your employment status
- Your affordability to make the monthly payments
You must be over 18 years of age and be a UK resident with a minimum of 3 years address history and possess a relevant UK driving licence
Even if you have a poor or limited credit history, we may still be able to help. At Broadland Cars Wroxham, we specialise in arranging car finance for customers across Norfolk and Norwich.
Broadland Cars in Wroxham, near Norwich, make it simple to spread the cost of your next vehicle with Hire Purchase (HP) car finance. Serving drivers across Norfolk, our HP finance options offer fixed monthly payments, flexible terms, and a straightforward route to full ownership of your used car. Whether you’re upgrading your family car or choosing your first vehicle, our specialist team is here to help you find the best deal. With HP finance, you choose your car, pay a deposit, and then make fixed monthly payments until the agreement ends. It’s a simple and secure way to drive away in a quality used car, right here in Norfolk. Below we have given some guidance on Hire Purchase (HP).
How does Hire Purchase work?
Hire Purchase finance allows you to spread the cost of your car over a set period of time. You’ll normally pay a deposit upfront, followed by fixed monthly instalments. Unlike a lease, with HP you are working towards full ownership of the car. Once the final payment is made, the vehicle is legally yours. At Broadland Cars Norwich, we’ll guide you through the finance process to make sure it suits your budget and lifestyle.
How long do Hire Purchase contracts last?
Most HP contracts in the UK last between 24 and 60 months. At Broadland Cars Wroxham, we work with trusted finance providers to offer flexible terms so you can choose the agreement length that works best for your needs. A longer term may reduce your monthly payments, while a shorter term means you’ll own the car outright sooner.
How do I pay each month?
Your payments are fixed, making it easy to budget. Each month, you’ll pay an agreed amount until the contract ends. Payments are made directly to the finance company, and there are no unexpected surprises. This makes HP finance a popular choice for drivers in Norwich and the surrounding Norfolk villages who want reliability and clarity when financing their next used car.
What happens at the end of a Hire Purchase agreement?
At the end of your Hire Purchase term, once you’ve made your final payment (and sometimes a small option-to-purchase fee), the car becomes yours. Unlike PCP finance, there are no balloon payments or mileage restrictions. You’ll own the car outright, free to keep it, sell it, or part exchange it for another quality used car from Broadland Cars in Norfolk.
Things to be aware of with Hire Purchase
While HP is straightforward, there are a few things to consider:
- The car isn’t legally yours until the final payment is made
- Missing payments could result in repossession
- A deposit is usually required upfront - at Broadland Cars we can offer nil deposit finance
- Interest rates vary depending on your credit profile
Our team at Broadland Cars Norwich will always explain the full details before you sign any agreement.
Should I get a car on Hire Purchase?
Hire Purchase finance is ideal if you want a clear path to ownership and fixed monthly payments. HP could be the best option for financing your next used car. It gives you stability, no mileage limits, and ownership at the end — making it perfect for those who plan to keep their car long term.
Pros of Hire Purchase (HP)
- Clear route to full ownership
- Fixed monthly payments make budgeting easy
- No mileage restrictions
- Flexible deposit and term options
- Widely available on used cars in Norfolk
Cons of Hire Purchase (HP)
- You don’t own the car until the last payment is made
- Monthly payments can be higher than PCP because there is no ballon required at the end unlike with PCP
- A deposit is normally required, but at Broadland Cars we can offer nil deposit finance
- The car can be repossessed if you miss payments
What to look for in Hire Purchase deals
When comparing HP finance, pay attention to:
- The APR interest rate
- The length of the contract
- Any fees (such as option-to-purchase fee)
- Admin fees - at Broadland Cars we do not charge an admin fee
- The size of your deposit
- The total cost of credit
At Broadland Cars, we’ll help you find the best HP finance deal tailored to your budget in Wroxham, Norwich, and surrounding Norfolk areas.
Applying for HP Finance
Applying for used car finance in Norwich and Wroxham is simple with Broadland Cars. We’ll take some basic details, run a quick finance check, and let you know the options available. We work with trusted lenders across Norfolk to make sure you get the best deal possible.
How will I know if I am eligible?
Eligibility is subject to status and terms and conditions, but generally, lenders look at:
- Your credit history
- Your income and outgoings
- Your employment status
- Your affordability to make the monthly payments
You must be over 18 years of age and be a UK resident with a minimum of 3 years address history and possess a relevant UK driving licence
Even if you have a poor or limited credit history, we may still be able to help. At Broadland Cars Wroxham, we specialise in arranging car finance for customers across Norfolk and Norwich.
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FINANCIAL DISCLOSURE
Broadland Cars is registered in England and Wales under company number: 15831379. Broadland Cars Ltd is an Appointed Representative of Automotive Compliance Ltd who is authorised and regulated by the Financial Conduct Authority, under FCA number: 1020599. We act as a credit broker not a lender. We work with several carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 year or over. We are only able to offer finance products from these providers.