Hire Purchase (HP) finance

Yes, we do. Once you’ve found your Cazoo car, you can use our HP finance calculator to calculate your monthly payments on a HP finance agreement.

If you’d like to see monthly payments for PCP finance, simply find your next Cazoo car and click ‘View finance options’ on the car details page. There you'll be able to get an instant estimate of your monthly costs for a PCP agreement.

When you apply for an HP agreement, a hard credit check is completed to help lenders make a decision on your finance application. This type of check will be visible to other lenders and can have an impact on your credit score. New finance agreements are subject to status. 

Before you apply, you can see how likely you are to be accepted with our car finance checker. We only carry out a soft credit check so there’s no risk to your credit rating.

To complete your application, we'll need your personal details, employment details, address history, bank account details and a copy of your photo driving licence.

Some lenders may also ask for information around your financial commitments to help work out whether you can afford the payments and to help maintain your financial wellbeing. This makes sure the lender is lending responsibly.

 You have the right to end your HP agreement at any time by paying your outstanding finance. This is known as settling your finance agreement or ‘early settlement’.

If you’d like to settle your agreement early, you’ll need to contact the lender to receive a settlement letter confirming what you still owe (your settlement amount). This won’t include any remaining interest that you would have paid if you carried on with your agreement. This is known as an interest rebate. The amount of interest that you get back depends on where you are in the agreement.

Yes, you can. If you want to do this, it’s known as exercising your voluntary termination rights.

You'll need to make any remaining payments that are due up to this point. If the amount you’ve already paid for the car (including the deposit) is less than half the total amount payable, then you’ll need to make an additional payment to pay off the difference.

There may be extra charges if the car isn't in good mechanical and cosmetic condition and is outside of reasonable wear and tear.

If you haven't paid half of the outstanding amount and you’re experiencing financial hardship at any point during your agreement, some lenders may offer financial assistance.