Rates from 8.9% APR - 8.9% APR Representative

Hire Purchase

Orange Mclaren outside of a modern home


At Magnitude Finance, we know there’s nothing like getting behind the wheel of a luxury car.

It’s a feeling that our concierge team has helped thousands of people achieve, combining years of expert knowledge with exclusive access to over 20 reputable lenders to create a bespoke finance package that perfectly suits their exact requirements. 

When it comes to finding a Hire Purchase agreement to secure your dream prestige car, Magnitude Finance is on hand to assist at every step of the journey.

Our outstanding level of service allows us to create specially tailored packages, complete with some of the most competitive rates available on the market.

So no matter the make or model you’ve set your sights on, we can secure the right finance option for your dream car.

We’re true independents, working on behalf of our clients to ensure that they get the right finance product for their needs. As brokers, our team can offer our customers the very best choice when it comes to competitive market rates, gained by tapping into long-standing relationships with lenders – some of which do not deal directly with the public.

With a cohesive, dedicated approach paired with excellent customer service, our concierge team always goes the extra mile – from the moment you get in touch with us for a no-obligation quote to offering personalised advice at the end of your agreement period.

For even the most seasoned car lovers and collectors, we know that trying to finance your luxury vehicle can be a stressful, time-consuming process. Navigating the world of prestige car finance shouldn’t mean chasing quotes or dealing with huge amounts of paperwork, which is why we can handle as much – or as little – as you like. 

Whether you’re looking to obtain a Hire Purchase finance agreement for the latest hypercar, an exotic model, or even a classic, we’ve got flexible finance options that put you in the driver’s seat.

With a truly remarkable roster of clients requiring prestige car finance packages, we are proud to be tried, tested, and trusted. Our customers certainly think so.

Whatever your plans for the road, we can step in with the right finance product for you. 

To get expert industry experience from our team or to explore a wealth of attractive finance options, you can find out more within our complete product overview.  

For the latest news and opinions from the luxury car finance sector and the supercar world at large, check out our buyer’s guides, reviews, and customer driving insights here

What is Hire Purchase finance?

Here at Magnitude, we know the value of a straightforward deal. That’s why our Hire Purchase finance agreement is exactly that.

When it comes to financing prestige vehicles, a Hire Purchase agreement is one of the simplest ways to secure finance for the car of your dreams. This method lets you pay for your car over a number of easy monthly payments, usually over a definitive period between 2 and 5 years, with ownership passing to you at the end.

For absolute clarity, these monthly finance payments are fixed at the beginning of your Hire Purchase (HP) agreement term, alongside the interest rate you’ll be expected to pay. No surprises, here. After your initial deposit has been placed, these payments will continue over the course of the contractual term – and the car officially becomes yours once the final outstanding payment is completed. 

As such, this is why we often hear ‘Hire Purchase’ agreements also termed as ‘Lease Purchase’, as you are essentially leasing your luxury car throughout the rental period until its value has been paid.

Although Hire Purchase is one of the most straightforward forms of finance available, it is flexible enough to be tailored to suit your individual requirements. 

People who are looking to further reduce their monthly payments can also choose to have a ‘final balloon payment’ – unsurprisingly, this is known as Hire Purchase with a Balloon.

Much like its namesake, with a Hire Purchase plus Balloon plan, the finance company will retain ownership of the car until you pay the final balloon payment at the end of your agreement. You cannot sell or modify your vehicle before this payment is made. 

This popular finance option still offers more flexibility for those securing luxury vehicles with high residual values, such as collectible models or limited productions from hallmark names like Porsche

We don’t expect our clients to be finance experts – that’s our job. But to keep everyone on the same page, we think it’s important to pass that knowledge forward.

With our Car Finance Academy, you can find out everything about negative equity, the impact of regulated vs non-regulated agreements, and even in-depth information on the latest financial news and how it might affect your latest prestige purchase.

Aston Martin DBS Superleggera review
Blue Porsche gt3

Why would you get a Hire Purchase Deal?

As part of our unmatched prestige car finance packages, Hire Purchase finance provides a simple and straightforward way of getting the keys to your dream luxury vehicle. 

For those who might be on their first foray into the world of marque vehicles, especially those seeking up to £25,000, Hire Purchase is one of our most attractive and competitive finance solutions.

With a range of flexible deposit options to choose from at the start of your agreement and fixed monthly finance repayments, a Hire Purchase plan with Magnitude is one of the best options for those who wish to keep their car once their contract is over.

Plus, unlike a Personal Contract Purchase deal, you are not bound by annual mileage restrictions or any charges for damages.

Combined with our unparalleled ability to secure exclusive finance from a panel of trusted lenders, its flexibility and affordability make it one of the most seamless products we have on offer. This product doesn’t need you to save a huge lump sum should you wish to take ownership of the car, as you might with a ‘balloon’ payment, giving you peace of mind when it comes to budgeting. 

You can also customise your agreement length to suit your own financial circumstances, opting to repay in larger chunks if you’re keen to get those keys sooner rather than later.

However you choose to create your package, getting a Hire Purchase plan is one of the most stress-free ways to secure your car and drive away happily. 

Any questions? Get in touch with our concierge service today by calling 01943 660978 or catch us on our social channels to find out how Magnitude Finance can deliver exclusive, competitive finance rates – with none of the hassle.

How is a Hire Purchase deal structured with Magnitude Finance?

With Magnitude Finance, we’ll always take the time to get the full scope of your vision. When you first come to us for a no-obligation chat – whether that’s for a query or quote – our concierge team will always give you the best advice as to your next steps. 

Once you’ve decided to continue with a Hire Purchase plan, we’ll get to work sourcing the best deals from our panel of esteemed lenders, creating a bespoke car finance package that suits your needs.

That’s all part of the first-class personal service you can expect from us at Magnitude. 

For those looking to purchase their luxury vehicle through our accurate finance solutions, we will structure your deal to suit your unique circumstances. Much like a mortgage, finance will be secured on your chosen car – so it’s important to remember that you are not the owner until that last payment is made at the end of the agreement period.

Hire Purchase first requires an initial deposit. This is usually around 10-40% of the car’s purchase price before you pay for the vehicle in monthly instalments. The value for each of these repayments will be made clear to you at the start of your agreement, so you always know exactly how much is set to come out of your wallet. 

Although Hire Purchase offers great flexibility and budgeting potential, we ask our clients to be mindful that monthly repayments may be higher when compared to other finance options. 

Should you have any questions at any point of your finance deal – whether that’s regarding the outstanding amount on your prestige vehicle or if you’d like to discuss other options, such as ending your agreement early – your dedicated financial account manager will be able to help.

All you have to do is use our simple enquiry form, pick up the phone or arrange a callback for a time that suits you. 

When it comes to your finances, we’ll always supply you with accurate numbers, no-nonsense advice, and clear solutions. 

As with any Hire Purchase agreement created by a finance provider, we ask you to remember that you are legally bound to the terms as outlined within the package. Before we submit to any lenders, we do take multiple factors into account such as a credit check as standard within our industry. This is something that only you can see when you perform a search, but a full credit reference search will be taken by our credit analyst team once we reach the formal proposal stage with the finance house.

Your credit may be at risk, so you must think about whether you’ll still be able to keep up with repayments should your circumstances change. Until the last instalment on your agreement is paid in full, the vehicle is still under the ownership of the dealer, and missing these charges may have further repercussions on your credit rating. It can also impact your ability to gain credit in the future. 

Unless you have paid a third of the total amount payable, you are also liable to have your vehicle repossessed in the event of a default. This can occur without a court order. 

At Magnitude Finance, we take a holistic approach to source the finest solutions for our clients – something that some lenders and brokers will try to get around by any means. The majority of our products are regulated under the Consumer Credit Act – with the exception of our Balanced Payment plans meaning that you are protected when borrowing money and credit advertisement is properly regulated.

As such, we never force customers into unregulated agreements or recommend products that will not serve them. If we feel there is another arrangement that may be more suitable for you, your needs, and your future plans, we will always give you appropriate advice.

Who would suit this type of finance package?


For clients looking for a simple and straightforward way to secure funding for their dream prestige vehicle, a Hire Purchase finance package might be the perfect solution.

Offering clear and consistent monthly repayment methods and the ability to tailor the length of your agreement, this is a fantastic option for those keen on getting the keys to the luxury vehicle they want to enjoy for years to come. 

With the option of adding a balloon payment to the end of your agreement, you can further reduce the amount you pay each month – so you can continue saving for the things that matter to you while continuing to contribute to the newest addition to the garage. 

When you take out a finance deal with us, we work hard to get everything sorted as quickly and smoothly as possible. Although we can transact a complete deal in less than 24 hours, it usually takes us a few days to ensure that everything is in order and for monies to be released, using industry-leading technology where possible to give our customers ultimate peace of mind.

This includes our state-of-the-art Hire Purchase Car Finance Calculator. At Magnitude, we’ve got over 30 years of experience in handling all aspects of luxury car finance – so we know that sourcing the figures you need can take up plenty of time and energy.

Our dedication to customer experience led us to develop our innovative Car Finance Calculator that can produce no-obligation estimations in just 60 seconds. You can even opt to have these figures sent straight to your inbox to be viewed on the go for ultimate convenience. 

We ask our clients to note that figures provided by the calculator are estimates and not exact quotations. As it’s designed to cover the sheer variety of our customers, their dream vehicles, and multiple credit backgrounds, it is designed to give you an idea of the cost but cannot take into account your own unique circumstances.

For a tailored quotation, please contact our friendly and experienced finance team. They’ll be more than happy to help.