Hire Purchase agreements simply mean you’re paying the price of the car off monthly, over an agreed period. As soon as the last payment is made and you pay the option to purchase fee, the car is yours. HP is a the traditional form of lending and is suitable for drivers who want the own the vehicle at the end of the term and for those drivers who cover significant miles.

Putting down as much as you can up front will help to reduce the balance to be cleared, bringing down your monthly repayments and reducing the amount of interest incurred too.

Marshall Motor Group Ltd is a credit-broker not a lender. We typically receive a finance commission from the lender for arranging finance for you. For further information on our commission arrangements see https://www.marshall.co.uk/fcds

How does it work?

• Choose the car (new or used) you like
• Choose the repayment period between 12 and 60 months
• Agree on a deposit and monthly repayment to suit your budget
• At the end of the agreement, as long as all the payments have been made, the car is yours

Important information

Ownership of the vehicle will remain with your lender until you have paid both the option to purchase fee and all monthly payments.

It is really important that you keep up to date with your monthly repayments so please contact your lender if you are having any difficulties as the vehicle may be at risk if you don’t.

Arranging Finance
Marshall Motor Group Ltd is not independent as we have pre-arranged contractual relationships with a limited number of lenders. We act as agent of the lender. Our relationships include the brand finance provider, Santander Consumer (UK) plc and Evolution Funding Limited. We do not conduct a market appraisal and we do not choose from a panel of lenders. We will only submit a finance application to a prospective lender with your consent and the information you provide to us must be accurate. The lender will carry out an affordability assessment and a credit check before making an offer of finance to you. Each finance application will leave a footprint on your credit file. Finance is never guaranteed and is always subject to status and affordability. Terms and conditions apply. We will provide you with information but we do not offer financial advice and we do not make recommendations on any financial product. We operate a non-advised sales process. Please read all terms and conditions and other documentation that we provide to you carefully in order to decide whether what is being offered is suitable and meets your needs. The financial products that we have available may vary from time to time and include Hire Purchase, Conditional Sale, Fixed Sum Loan, PCH and PCP. Each financial product has different features, terms and conditions. If you require any further information about our financial products and services, please let us know.

Marshall Motor Group Ltd are a credit-broker not a lender. We typically receive a finance commission from the lender for arranging finance for you. For further information on our commission arrangements please read our Finance Commission Disclosure Statement https://www.marshall.co.uk/fcds or ask for details.