Car Finance

At HPL Motors we can support you with various types of finance packages. The three most popular types are typically Personal Contract Hires, Personal Contract Purchases and Hire Purchases.  

HPL Motors Car Finance Options

We provide several car finance packages, with the most popular being:

• Personal Contract Purchase (PCP): This option involves lower monthly payments and offers flexibility at the end of the term, allowing you to either purchase the car outright, return it, or exchange it for another vehicle.

• Hire Purchase (HP): With HP, you pay an initial deposit followed by fixed monthly instalments. Once all payments are completed, you own the car outright.

• Personal Contract Hire (PCH): Also known as leasing, PCH allows you to rent the car for a set period and mileage limit, after which you return the vehicle with no option to purchase.

If you have a lower credit rating, you can still get car finance. 

Subprime lending is usually offered at higher rates than other finance options and is at higher risk.

But subprime lending can help you get the car you need. Get in touch to find out if this is the best option for you.

For a quick look at what finance options are available to you, fill out our flexible finance form for an answer in just 60 seconds.

Factors to Consider

When choosing a car finance option, consider the following:

• Ownership: Do you want to own the car at the end of the agreement?

• Mileage: How many miles do you typically drive annually?

• Usage: Will the car be for personal or business use?

• Budget: What can you afford for the deposit and monthly payments?

Key Considerations When Choosing Car Finance

• Total Cost of Finance: Always calculate the total amount you will pay over the entire term of the finance agreement, including interest and fees.

• Mileage Limits: Different finance options come with varying mileage limits, especially leasing agreements. Ensure you choose an option that aligns with your driving habits to avoid excess mileage charges.

• Credit Score: Your credit history plays a crucial role in securing the best finance deals. It's wise to check your credit score and address any issues before applying for finance.

• Deposit Amount: Higher deposits can lower your monthly payments and the total interest paid over the term. Consider how much you can afford upfront.

Benefits of Financing Your Car Through HPL Motors

• Tailored Finance Solutions: We pride ourselves on offering personalised finance solutions that cater to your unique circumstances.

• Expert Guidance: Our experienced team is here to guide you through the finance process, ensuring you understand all terms and options available.

• Quick Approvals: With our efficient application process, you can receive an approval decision swiftly, allowing you to focus on choosing your ideal vehicle.

• Wide Range of Vehicles: Explore our extensive range of cars available for finance, from economical city cars to spacious family vehicles.

1. How do I apply for car finance?

• You can apply for car finance online through our website or visit one of our branches. Our team will guide you through the process, making it easy and straightforward.
  
  

2. What documents do I need to provide?

• Typically, you will need to provide proof of identity, address, income, and any existing financial commitments. We’ll inform you of the specific documents required during your application.
  
  

3. Can I pay off my finance early?

• Most finance agreements allow for early repayment, but this may incur additional charges. We recommend discussing this with our finance team to understand your options.
  
  

4. Will my credit score affect my application?

• Yes, your credit score is a significant factor in the approval process. However, we work with various lenders, including those who specialise in helping individuals with different credit backgrounds.