Hire Purchase
Own It Outright. No Surprises.
HP is the straightforward route to car ownership. Fixed monthly payments, no balloon payment, and the car is yours at the end of the term. AK Asset Finance arranges HP at rates that beat the dealership — every time.
Key Benefits
You own the car outright at the end of the term — no balloon payment
Fixed monthly payments for the full term — easy to budget
No mileage restrictions — drive as many miles as you like
Straightforward structure with no complex end-of-term decisions
Suitable for a wide range of credit profiles
Can be used for new and used vehicles
We compare HP rates across multiple lenders to find your best deal
No obligation quote with no hard credit check at enquiry stage
How It Works
Tell us your vehicle and budget
Let us know the car you have in mind, your deposit (if any), and the monthly payment you're comfortable with.
We compare HP rates
We search our panel of FCA-authorised lenders to find the most competitive HP rate for your profile and vehicle.
You review your deal
We present your HP options clearly — monthly payment, APR, total cost, and term. No jargon, no pressure.
Finance approved, car is yours
Once approved, you make your monthly payments and own the car outright at the end of the agreement.
Frequently Asked Questions
What is Hire Purchase?
What is the difference between HP and PCP?
Can I get HP with a poor credit history?
Is there a mileage limit on HP?
Can I pay off my HP early?
How much deposit do I need for HP?
Get Your HP Quote Today
Fixed payments, full ownership, no surprises. We'll find you the best HP rate across our lender panel — no obligation, no hard credit check.
* Finance subject to status. AK Asset Finance is a credit broker, not a lender.