Can I get Hire Purchase finance for an electric car?

Yes, you can use HP to finance an EV car. With Hire Purchase (HP), you pay a deposit followed by fixed monthly instalments over 2 to 5 years. Once the final payment is made, you own the car outright. Unlike PCP, there is no balloon payment at the end. The finance company retains legal ownership of the vehicle until all repayments are complete, so missed payments can result in repossession. HP is a straightforward route to ownership, spreading the cost into manageable monthly payments without any end-of-term surprises.