What is HP Finance?

Vanwise can offer a great range of flexible finance plans that cater to your needs. If you are looking to make monthly payments on a car or van with the aim to eventually own it outright, we recommend opting for a Hire Purchase (HP) finance plan.

How it works

HP finance plans require an initial deposit, followed by significant yet affordable monthly payments for a fixed term. At the end of your term, once the final payment is made the car is officially yours to own and continue using, or sell on. The length of the term will depend on the type of model you choose and the amount of money you are willing to pay each month. Usually, the duration is one to five years.


The deposit is usually around 10 percent, which is relatively low and, depending on how much they want to pay each month, drivers tend to have a lot of choice when choosing the duration of the term. Fixed monthly payments with fixed interest allow you to manage your monthly outgoings more easily.

Who this finance option is suitable for

We recommend HP to any driver who is looking to invest in a car that they can eventually sell. You can carry out an HP plan on most of our models, so whichever car or van you choose, Vanwise will endeavour to find an HP deal to match your budget requirements. We can also arrange a finance plan that includes servicing to help you save money when your car is need of an MOT or repair.

Important points

All payments must be made to fully own the car, and the car can be repossessed until you have paid off at least a third. If you decide that you have changed your mind about the vehicle, or if you require a bigger model or upgrade, we may be able to help. An HP plan can be cut short or adapted, providing that the driver is over halfway through the payments, or has paid off the majority of the vehicle’s value.

General Terms and Conditions

Please note you will not own the vehicle outright until all payments are made.
If you default on your finance payments, then the vehicle may be repossessed by the finance provider.
You must be 18 years or older to apply for finance.
Finance is not guaranteed, and any finance application is subject to a credit check and individual circumstances.
The finance provider will have their own Terms and Conditions, please contact them directly for further information.

Make sure you understand the full terms and conditions. If you require any further information please do not hesitate to contact us.

Contact our team today for more information on our selection of used vans and available finance options. Give us a call or enquire online and one of our finance specialists will get back to you.