Simple and straightforward — nothing could be simpler. Probably the most popular method of financing a new or used car, HP is a fixed repayment loan over a set period. Simply pay an agreed deposit, either through a part exchange or with cash, and choose a suitable repayment period which could be anything from 12 to 60 months. We will then work out your monthly repayment, which is fixed for the period of the agreement. At the end of the repayment period and once the option to purchase fee has been paid, that’s it — the vehicle is yours!