How Can I Compare Bad Credit HP Car Finance
At Bad Credit Motor Finance, we make sure that you find and negotiate the best HP cars to suit your situation.
To give an example of a HP Car Finance deal:
If you were to put a £500 deposit down on a £5,000 car, it would leave you with £4,500 left to pay. On a 2 year contract, this would work out at £187.50 per month, plus the pre-agreed interest rate.
If you were to put a larger deposit down, for example a £2,000 deposit, then you’d be borrowing less from the lender. Meaning that you HP Car Finance rate would be £125 plus interest over two years.
There are also Bad Credit HP Car Finance deals available that require no deposit. However, this would mean that the monthly payments cost more.
Increasing the length of the contract would initially give you a more attractive HP Car Finance monthly rate, but it could also mean that you need to pay more interest over time.