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Car Finance
Hire Purchase (HP) and Personal Contract Purchase (PCP) agreements are secured on the vehicle. Missed payments can lead to repossession.
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Guide3 min read
HP vs PCP — the difference that matters when you fall behind
With HP, you own the car once the last payment is made. With PCP, the final 'balloon' payment is optional. Both give the lender the right to take the car back.
Read the full guideGuide3 min read
Voluntary termination of car finance: how it works
If you've paid at least half of the total amount payable, you can usually hand the car back and walk away.
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