HP finance, known as Hire Purchase, means that you will effectively hire your used car from a lender until the car has been paid for in full. One of the more commonly chosen and in our opinion, more sensible forms of used car finance, the loan is secured against the used car itself and you will not own the car fully until your final payment has been paid.

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Choosing a HP finance agreement for purchasing a vehicle will give you more flexibility, and most importantly, allows you to own the vehicle outright at the end of your agreement term. You'll be able to choose whether or not you wish to put down a deposit (you can use your part exchange as a deposit too!) and you can choose the repayment term, allowing you to find a repayment term suitable to your monthly budget.​

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At the end of the agreed contract term and once all payments have been made, the car will be yours to do as you please and you become the legal owner. You don't even have to wait until your contracted agreement term is over, contacting the finance company directly you can pay off your finance earlier! 

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With Hire Purchase agreements, you are not restricted to a certain number of pre agreed miles per year either, meaning you can drive thousands of miles with no fear or repercussions and penalties like there are with PCP agreements. Same goes for any damages, even the smallest scratches are accounted for when returning you PCP vehicle at the end of the agreement term which allows for more penalties a financial repercussions, where as with HP, there is none of that. This is a couple of the reasons we prefer HP over PCP.

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If you are looking to request finance for a vehicle, please email us directly on l.a.m.services@live.com with details of which vehicle you're enquiring about and we will arrange for a partially filled in application form sent to you directly from Blue Motor Finance themselves. This can easily be filled in at your leisure and submitted directly with the finance company themselves, effectively cutting out the middle man (us). Please note we can not send information over social media platforms.

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By completing the application for finance, you are giving us the authority to request you credit history from relevant credit reference agencies and that you agree to a full (otherwise known as a 'hard') credit search on your credit report. You are also giving permission for lenders to contact you. By submitting this application, a hard search will be performed. It will be considered by our chosen lenders, each of which have their own criteria which must be met for acceptance. Lenders will assess your ability to repay any finance provided, both at the time and in any future events that will result in a change of circumstances, or in such an event of an interest rate change.

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Before proceeding, please take note that multiple 'hard' searches done in close proximity to each other may have negative impact on your credit score. Lenders take into account how many credit searches you have on your credit reports when considering your applications. So please take into regard of how many credit searches you are submitting in a short window of time.