Buying a car on HP is ideal for those looking for a straightforward finance agreement. The most crucial difference between this method of purchase and either PCP or PCH is that at the end of the agreement the car can be yours to fully own upon payment of a final, agreed balance. These contracts are generally simple, can be arranged quickly and are available in most car dealerships.
Hire Purchase is, in essence, a hire agreement which gives the buyer an option to buy the car at the end of the agreement period. These contracts are normally established on a fixed contract basis, which means that APR (Annual Percentage Rate) is set before the contract begins and this approach is therefore helpful when budgeting. The term of the loan is also fixed – in most cases they run around three to four years – and the finance agreement is secured against the car being bought.
If you are the 'registered keeper' of the car you will also be responsible for insuring and maintaining it (and where relevant obtaining an MOT), but the finance company is the legal owner until the amount borrowed has been repaid in full.
Spacious MINIsChoose from the MINI Clubman with its iconic split rear doors or the MINI Countryman, the biggest MINI in the range, built for families who live for adventure.
MINI HatchLegendary design and iconic go-kart handling. Available as the classic 3-door model or choose the 5-Door, with space to fit more in.
Convertible MINIOpen-aired, open-ended adventure, with an electric roof that opens in just 18 seconds.