Big savings on used cars! Up to £1,200 off selected models.

Shop deals

Hire Purchase (HP) finance

Here’s what you need to know to help decide if a Hire Purchase (HP) deal is right for you.

Spread the cost of buying a car with HP finance

You simply pay a deposit over an agreed period of time followed by fixed monthly instalments until the agreement ends. The length of your agreement can be between 24 and 60 months and there won’t be any excess mileage fees.

Search used cars

A HP deal might be right for you if you:

  • Want to own the car without making a large final payment when the agreement ends.

  • Are happy to pay higher monthly payments than a PCP agreement as there isn’t a large final payment.

  • Like to know exactly how much you’re paying every month.

You can estimate your monthly payments and find the right finance deal for you with our HP finance calculator.

When you apply for an HP agreement, a hard credit check will be completed.

What happens at the end of the HP agreement?

You’ll likely have to pay a small 'Option to Purchase' fee at the end of your agreement, which typically costs between £1 and £10. This covers the cost of transferring ownership of the car over to you.

After all monthly payments and the Option to Purchase fee have been made, you'll become the legal owner of the car.

HP or PCP - Which is right for me?

Understand the difference between HP and PCP finance with our comparison video.

Learn more about PCP finance

Check your eligibility with no impact to your credit score

Before you apply for a HP agreement, see how likely you are to be accepted with our car finance checker. You can browse cars suited to your monthly budget and we'll also tell you your likely personal APR.

You can get a used Cazoo car before your current finance agreement ends

At Cazoo, you can part exchange your current car even if you have finance left to pay on it.

Whether the value of your car is higher or lower than what you still owe, we can take it off your hands.

Part exchange your car before your finance ends

How financing a Cazoo car on HP works

  1. Find your Cazoo car

    Browse great value used cars that are available on HP.

  2. Apply for finance online

    Choose your HP deal. You can also choose to part exchange your old car.

  3. Sign your agreement

    Get approved within minutes, pay a deposit and sign all documents online.

  4. Book your car handover

    Collect your car from a Customer Centre or we'll deliver it to your door.

Popular questions about Hire Purchase

You might also like

Find your next car

Browse our range of great value used Cazoo cars.