What is HP Finance?

Vanwise offers a variety of flexible HP finance plans with a representative APR of 9.9% to cater to your needs. If your goal is to make monthly payments on a car or van with the intention of eventually owning it outright, we recommend opting for a Hire Purchase (HP) finance plan.

How It Works

Initial Deposit: Start with a down payment.
Monthly Payments: Make manageable monthly payments over a fixed term.
Ownership: At the end of the term, once the final payment is made, the vehicle is yours to own or sell.

Term Length

The length of the term depends on the model you choose and your monthly budget. Typically, the duration ranges from one to five years.

HP finance plans provide a straightforward path to vehicle ownership with clear, predictable payments. Contact us today to explore your options and find the plan that best suits your needs.

Benefits of Hire Purchase (HP) Finance Plan

Low Deposit

Affordable Entry: The deposit is typically low, making it easier to get started.
Flexible Term Duration: Depending on your budget, you can choose the term length that best suits your needs, usually ranging from one to five years.

Fixed Payments

Fixed monthly payments with fixed interest rates allow for easier budgeting and financial planning.

Ownership at the End

Once all payments are made, the vehicle is yours to keep, sell, or trade in for a new model.

Who This Finance Option Is Suitable For

HP is ideal for drivers looking to invest in a vehicle they can eventually sell. Whether you choose a car or van from our wide selection, Vanwise will help you find an HP deal tailored to your budget. We can also arrange finance plans that include servicing, helping you save on MOTs and repairs.

Important Points to Consider

Full Ownership: To fully own the vehicle, all payments must be completed.
Repossession Risk: The vehicle can be repossessed until you have paid off at least one-third of its value.
Flexibility: If you change your mind or need a different vehicle, we can help modify or shorten your HP plan, provided you are over halfway through the payments or have paid off the majority of the vehicle’s value.

Expert Assistance from Vanwise Finance Specialists

Our finance specialists are here to help you make an informed decision. Whether you are new to vehicle financing or looking to optimise your current plan, our team is dedicated to guiding you through the process with personalised advice and support.

Why Choose Vanwise Finance Specialists?

Personalised Support: Receive tailored advice based on your budget and preferences.
Informed Decisions: Understand all your options clearly with expert guidance.
Seamless Process: Enjoy a smooth and hassle-free financing experience from start to finish.

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.
If you require any further information please do not hesitate to contact us.
The finance provider will have their own Terms and Conditions, please contact them directly for further information.

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Company Info

Reg Office: London Road, Harlow, United Kingdom, CM17 9AN

Reg. Company Number: 4907341

VAT Reg. No. 830236069

Financial disclosure

Vanwise Group Ltd is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Vanwise Group Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.

We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as their agent for this introduction. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.