Hire Purchase Agreements

What is a Hire Purchase (HP) agreement? Many dealers will offer you Hire Purchase agreement to buy your car over a set period of time, with fixed monthly payment amounts. An HP agreement is a debt. You don't actually own your car until the debt is paid off in full, until then, the car still belongs to the person you bought it from (the creditor).
18/09/2011 12:00:05 Jo