Hire Purchase
Full Ownership. No Conditions.
Hire Purchase is the definitive route to outright vehicle ownership. Fixed monthly payments, no mileage restrictions, no balloon payment, and the asset is yours at the end of the term. Preferred by business owners and professionals who want clarity, simplicity, and full control — arranged through our specialist lender panel at rates that consistently beat the dealership.
Key Benefits
Full ownership at the end of the term — no balloon payment, no conditions
Fixed monthly payments for the entire agreement — straightforward to budget
No mileage restrictions — drive without limits or end-of-term penalties
Suitable for personal and business use — including sole traders and limited companies
Can be used on new, nearly new, and used vehicles from any source
Business HP can qualify for capital allowances and Annual Investment Allowance
We source rates from specialist lenders — not a single bank or dealership
No hard credit search at enquiry stage — discreet and confidential
How It Works
Share your vehicle and requirements
Tell us the vehicle you have in mind, your deposit preference, and the monthly payment you're comfortable with. We'll structure the deal around your position.
We approach our specialist lender panel
We present your application to the lenders best suited to your profile and vehicle — not a generic comparison engine. We negotiate on your behalf.
You review your deal
We present your HP options clearly — monthly payment, APR, total cost of credit, and term. No jargon, no pressure, no obligation.
Approved. The asset is yours.
Once you're satisfied, we handle all documentation. Make your monthly payments and own the vehicle outright at the end of the agreement — no further decisions required.
Frequently Asked Questions
Is HP suitable for high-value and prestige vehicles?
Can HP be used for business purposes?
What is the difference between HP and PCP?
Can I get HP with a complex or non-standard income?
Can I settle my HP agreement early?
Is a deposit required for HP?
Arrange Your HP Finance Today
Specialist HP for high-value vehicles — personal and business use. No obligation, no hard credit search at enquiry stage. We'll structure the right deal and respond promptly.
* Finance subject to status. AK Asset Finance is a credit broker, not a lender.