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Hire Purchase (HP)

Hire Purchase is a way to hire the car from the finance company with fixed monthly payments, to spread the purchase price of a car across a longer period. Once all the payments have been made and the finance agreement ends, the car is yours.

Find out more about the features and risks of Hire Purchase finance by watching the video below and browsing our handy frequently asked questions.
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  • Key features of Hire Purchase

    • With contracts up to 60 months long, you can spread the costs to suit you.
    • The car is yours to own at the end of the agreement.
    • There are no mileage restrictions, so you decide how far you drive the car.
    • You choose how much deposit you put down at the start of the agreement

  • Risks of Hire Purchase

    • Once the agreement comes to an end the car is yours, so any depreciation risk is yours.
    • You do not own the car until the final payment is made.
    • If you fail to make the payments set out in your agreement, your car could be repossessed, and your credit rating may be adversely affected

How Hire Purchase (HP) works

Hire Purchase allows you to purchase a car without having to pay the full amount upfront. Instead, you pay a monthly fee to hire the car, which covers the cost of the car as well as interest charges. Ownership of the car is not transferred to you until you’ve made the final payment and paid the option to purchase fee. We’ve split the process into three stages below to give a clear explanation of Hire Purchase.

1. Deposit

  • The deposit is the amount you pay upfront at the start of the agreement, and it will determine how much you need to borrow.
  • The deposit ranges from 0 to 95% of the car price, and some Toyota cars come with a deposit contribution which you can put towards the car.
  • The larger your deposit, the less you’ll have to borrow and the smaller your monthly payments will be.

2. Monthly Payments

  • Your monthly payments will be fixed throughout your agreement, and they are affected by the size of your deposit. Once you’ve chosen the length (term) of your agreement, the amount will be spread equally across the months.
  • To help you manage your monthly payments, you are invited to join My Finance, a convenient way to manage your finance agreement online.

3. End of Contract

  • Once you’ve made your final monthly payment, the car is yours to keep.
  • If you get to the end of your agreement, and have made all payments, then decide you don’t want to keep the car anymore, you can part exchange it for a new car.

 

Unsure about any finance terminology? Take a look at our finance glossary.

Promotions overview: Explore our Hire Purchase Offers

Promotion title: Corolla Commercial Hybrid

Promotion headline: <p><strong>7.5% APR Representative* when flexibly financed through Toyota Financial Services*</strong></p> <p>Financed through Toyota Hire Purchase (HP)*</p>

  • Corolla Commercial
  • retailers
  • Hire Purchase (HP)
  • Hybrid
Additional monthly finance information:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

Specifications:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

*Toyota Financial Services. Terms and Conditions apply.

Summary legal disclaimer:

*Subject to status to over 18s. Indemnities may be required. Terms and Conditions apply. Toyota Financial Services.

Legal disclaimer:

Model shown is MY24 Corolla Commercial Hybrid 1.8 VVT-i Auto £29,545. Prices correct at time of being published. Fuel economy mpg (l/100km): combined 57.6 (4.9)- 64.2 (4.4). CO₂ emissions 110-100 g/km.^

^Hybrid vehicle. Figures obtained using a combination of battery power and fuel. Figures are provided for comparability purposes; only compare fuel consumption, CO₂ and/or equivalent electric range figures with other cars tested to the same technical procedures. These figures may not reflect real life driving results which will vary depending on a number of factors, including the accessories fitted (post-registration), driving style, conditions, speed and vehicle load. 

*7.5% APR Representative only available on new retail orders of Corolla Commercial Self-Charging Hybrid between 1st April 2026 and 30th June 2026 and registered and financed through Toyota Financial Services by 30th September 2026 on a 60 month Toyota Hire Purchase (HP) plan with 0%-95% deposit. 

Toyota Financial Services is a trading name of Toyota Financial Services (UK) PLC; registered office Great Burgh, Burgh Heath, Epsom, Surrey, KT18 5UZ. Authorised and regulated by the Financial Conduct Authority. Indemnities may be required. Finance subject to status to over 18s. Other discounts, schemes or finance offers may be available but cannot be used in conjunction with this offer. Offer may be varied or withdrawn at any time. 8,000 miles per annum. Vehicle ownership occurs if all applicable payments are made at the end of the agreement or upon prior settlement.Toyota Centres are independent of Toyota Financial Services. Participating Toyota Centres. Affordable finance through . Terms and conditions apply.

Toyota Financial Services may pay a commission to the Toyota Centre for your introduction. This commission will either be a fixed fee or a percentage of the amount you borrow. There may also be other payments made (including incentives only offered to a Toyota Centre). If you decide to take finance for a vehicle, Toyota Financial Services will tell you how much commission is being paid before you enter into your finance agreement. These arrangements will not change the amount you pay under the finance agreement. The Toyota Centre is a credit broker and not a lender.

View promotion details: Discover more

Promotion title: Proace Electric

Promotion headline: <p><strong>7.5% APR Representative* when flexibly financed through Toyota Financial Services*</strong></p> <p>Financed through Toyota Hire Purchase (HP)*​</p>

  • Proace
  • retailers
  • Hire Purchase (HP)
  • Battery Electric
Specifications:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

*Toyota Financial Services. Terms and Conditions apply.

Summary legal disclaimer:

*Subject to status to over 18s. Indemnities may be required. Terms and Conditions apply. Toyota Financial Services.

Legal disclaimer:

Model shown is MY26 Proace Medium Sport with Ply Lining Electric (75kw) 136 DIN hp £49,775 including optional Metallic paint at £730. Prices correct at time of being published. On the road price includes £5,000 OZEV Government plug-in van grant. Terms and conditions and eligibility criteria apply to the grant for more information visit www.gov.uk/government/organisations/office-for-low-emission-vehicles. Grant scheme may be withdrawn and eligibility/amounts may change at any time. Information correct as of December 2025. Fuel economy mpg (l/100km): n/a. CO₂ emissions: 0g/km. Combined electric range 207 miles.^

^Figures obtained after full battery charge. The Proace is a battery electric vehicle requiring mains electricity for charging. Electric range figures were achieved using the WLTP test procedure and are provided for comparison purposes. Only compare CO₂ and electric range figures with other cars tested to the same technical procedures. These figures may not reflect real life driving results, which depend on various factors including the starting charge of the battery, accessories fitted (post-registration), variations in weather, driving styles and vehicle load.

*7.5% APR Representative only available on new retail orders of Proace Electric between 1st April 2026 and 30th June 2026 and registered and financed through Toyota Financial Services by 30th September 2026 on a 60 month Toyota Hire Purchase (HP) plan with 0%-95% deposit. 

Toyota Financial Services is a trading name of Toyota Financial Services (UK) PLC; registered office Great Burgh, Burgh Heath, Epsom, Surrey, KT18 5UZ. Authorised and regulated by the Financial Conduct Authority. Indemnities may be required. Finance subject to status to over 18s. Other discounts, schemes or finance offers may be available but cannot be used in conjunction with this offer. Offer may be varied or withdrawn at any time. 8,000 miles per annum. Vehicle ownership occurs if all applicable payments are made at the end of the agreement or upon prior settlement.Toyota Centres are independent of Toyota Financial Services. Participating Toyota Centres. Affordable finance through Toyota Hire Purchase (HP). Terms and conditions apply.

Toyota Financial Services may pay a commission to the Toyota Centre for your introduction. This commission will either be a fixed fee or a percentage of the amount you borrow. There may also be other payments made (including incentives only offered to a Toyota Centre). If you decide to take finance for a vehicle, Toyota Financial Services will tell you how much commission is being paid before you enter into your finance agreement. These arrangements will not change the amount you pay under the finance agreement. The Toyota Centre is a credit broker and not a lender.

View promotion details: Discover more

Promotion title: Proace

Promotion headline: <p><strong>7.5% APR Representative* when flexibly financed through Toyota Financial Services*</strong></p> <p>Financed through Toyota Hire Purchase (HP)*​</p>

  • Proace
  • retailers
  • Hire Purchase (HP)
  • Diesel
Specifications:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

*Toyota Financial Services. Terms and Conditions apply.

Summary legal disclaimer:

*Subject to status to over 18s. Indemnities may be required. Terms and Conditions apply. Toyota Financial Services.

Legal disclaimer:

Model shown is MY26 Proace Medium Sport with Ply Lining 2.2 Diesel Auto 180 DIN hp £45,775 including optional Metallic paint at £730. Prices correct at time of being published. Fuel economy mpg (l/100km): combined 40.9 (6.9). CO₂ emissions 181 g/km.^

^Figures are provided for comparability purposes; only compare fuel consumption and CO₂ figures with other cars tested to the same technical procedures. These figures may not reflect real life driving results, which will depend upon a number of factors including the accessories fitted (post-registration), variations in weather, driving styles and vehicle load.  

*7.5% APR Representative only available on new retail orders of Proace between 1st April 2026 and 30th June 2026 and registered and financed through Toyota Financial Services by 30th September 2026 on a 60 month Toyota Hire Purchase (HP) plan with 0%-95% deposit. 

Toyota Financial Services is a trading name of Toyota Financial Services (UK) PLC; registered office Great Burgh, Burgh Heath, Epsom, Surrey, KT18 5UZ. Authorised and regulated by the Financial Conduct Authority. Indemnities may be required. Finance subject to status to over 18s. Other discounts, schemes or finance offers may be available but cannot be used in conjunction with this offer. Offer may be varied or withdrawn at any time. 8,000 miles per annum. Vehicle ownership occurs if all applicable payments are made at the end of the agreement or upon prior settlement.Toyota Centres are independent of Toyota Financial Services. Participating Toyota Centres. Affordable finance through Toyota Hire Purchase (HP). Terms and conditions apply.

Toyota Financial Services may pay a commission to the Toyota Centre for your introduction. This commission will either be a fixed fee or a percentage of the amount you borrow. There may also be other payments made (including incentives only offered to a Toyota Centre). If you decide to take finance for a vehicle, Toyota Financial Services will tell you how much commission is being paid before you enter into your finance agreement. These arrangements will not change the amount you pay under the finance agreement. The Toyota Centre is a credit broker and not a lender.

View promotion details: Discover more

Promotion title: Proace City Electric

Promotion headline: <p><strong>7.5% APR Representative* when flexibly financed through Toyota Financial Services*</strong></p> <p>Financed through Toyota Hire Purchase (HP)*​</p>

  • Proace City
  • retailers
  • Hire Purchase (HP)
  • Battery Electric
Specifications:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

*Toyota Financial Services. Terms and Conditions apply.

Summary legal disclaimer:

*Subject to status to over 18s. Indemnities may be required. Terms and Conditions apply. Toyota Financial Services.

Legal disclaimer:

Model shown is MY26 Proace City Sport with Ply Lining Electric (50kw) 136 DIN hp £36,870 including optional Metallic paint at £575. Prices correct at time of being published. On the road price includes £2,500 OZEV Government plug-in van grant. Terms and conditions and eligibility criteria apply to the grant for more information visit www.gov.uk/government/organisations/office-for-low-emission-vehicles. Grant scheme may be withdrawn and eligibility/amounts may change at any time. Information correct as of December 2025. Fuel economy mpg (l/100km): n/a. CO₂ emissions: 0g/km.Combined electric range 207 miles.^

^Figures obtained after full battery charge. The Proace City is a battery electric vehicle requiring mains electricity for charging. Electric range figures were achieved using the WLTP test procedure and are provided for comparison purposes. Only compare CO₂ and electric range figures with other cars tested to the same technical procedures. These figures may not reflect real life driving results, which depend on various factors including the starting charge of the battery, accessories fitted (post-registration), variations in weather, driving styles and vehicle load.

*7.5% APR Representative only available on new retail orders of Proace City Electric between 1st April 2026 and 30th June 2026 and registered and financed through Toyota Financial Services by 30th September 2026 on a 60 month Toyota Hire Purchase (HP) plan with 0%-95% deposit. 

Toyota Financial Services is a trading name of Toyota Financial Services (UK) PLC; registered office Great Burgh, Burgh Heath, Epsom, Surrey, KT18 5UZ. Authorised and regulated by the Financial Conduct Authority. Indemnities may be required. Finance subject to status to over 18s. Other discounts, schemes or finance offers may be available but cannot be used in conjunction with this offer. Offer may be varied or withdrawn at any time. 8,000 miles per annum. Vehicle ownership occurs if all applicable payments are made at the end of the agreement or upon prior settlement.Toyota Centres are independent of Toyota Financial Services. Participating Toyota Centres. Affordable finance through Toyota Hire Purchase (HP). Terms and conditions apply.

Toyota Financial Services may pay a commission to the Toyota Centre for your introduction. This commission will either be a fixed fee or a percentage of the amount you borrow. There may also be other payments made (including incentives only offered to a Toyota Centre). If you decide to take finance for a vehicle, Toyota Financial Services will tell you how much commission is being paid before you enter into your finance agreement. These arrangements will not change the amount you pay under the finance agreement. The Toyota Centre is a credit broker and not a lender.

View promotion details: Discover more

Promotion title: Proace City

Promotion headline: <p><strong>7.5% APR Representative* when flexibly financed through Toyota Financial Services*</strong></p> <p>Financed through Toyota Hire Purchase (HP)*​</p>

  • Proace City
  • retailers
  • Hire Purchase (HP)
  • Diesel
Specifications:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

*Toyota Financial Services. Terms and Conditions apply.

Summary legal disclaimer:

*Subject to status to over 18s. Indemnities may be required. Terms and Conditions apply. Toyota Financial Services.

Legal disclaimer:

Model shown is MY24 Proace City Sport with Ply Lining 1.5 Diesel Manual £33,870 including optional Metallic paint at £575. Prices correct at time of being published. Fuel economy mpg (l/100km): combined 49.6 (5.7). CO₂ emissions 150 g/km.^

^Figures are provided for comparability purposes; only compare fuel consumption and CO₂ figures with other cars tested to the same technical procedures. These figures may not reflect real life driving results, which will depend upon a number of factors including the accessories fitted (post-registration), variations in weather, driving styles and vehicle load.  

*7.5% APR Representative only available on new retail orders of Proace City  between 1st April 2026 and 30th June 2026 and registered and financed through Toyota Financial Services by 30th September 2026 on a 60 month Toyota Hire Purchase (HP) plan with 0%-95% deposit. 

Toyota Financial Services is a trading name of Toyota Financial Services (UK) PLC; registered office Great Burgh, Burgh Heath, Epsom, Surrey, KT18 5UZ. Authorised and regulated by the Financial Conduct Authority. Indemnities may be required. Finance subject to status to over 18s. Other discounts, schemes or finance offers may be available but cannot be used in conjunction with this offer. Offer may be varied or withdrawn at any time. 8,000 miles per annum. Vehicle ownership occurs if all applicable payments are made at the end of the agreement or upon prior settlement.Toyota Centres are independent of Toyota Financial Services. Participating Toyota Centres. Affordable finance through Toyota Hire Purchase (HP). Terms and conditions apply.

Toyota Financial Services may pay a commission to the Toyota Centre for your introduction. This commission will either be a fixed fee or a percentage of the amount you borrow. There may also be other payments made (including incentives only offered to a Toyota Centre). If you decide to take finance for a vehicle, Toyota Financial Services will tell you how much commission is being paid before you enter into your finance agreement. These arrangements will not change the amount you pay under the finance agreement. The Toyota Centre is a credit broker and not a lender.

View promotion details: Discover more

Promotion title: Proace Max Electric

Promotion headline: <p><strong>7.5% APR Representative* when flexibly financed through Toyota Financial Services*</strong></p> <p>Financed through Toyota Hire Purchase (HP)*​</p>

  • Proace Max
  • retailers
  • Hire Purchase (HP)
  • Battery Electric
Additional monthly finance information:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

Specifications:

7.5% APR Representative* when flexibly financed through Toyota Financial Services*

From 1st April 2026 until 30th June 2026

*Toyota Financial Services. Terms and Conditions apply.

Summary legal disclaimer:

*Subject to status to over 18s. Indemnities may be required. Terms and Conditions apply. Toyota Financial Services.

Legal disclaimer:

Model shown is MY24 Proace Max Icon with Ply Lining Electric £57,495. Prices correct at time of being published. On the road price includes £5,000 OZEV Government plug-in van grant. Terms and conditions and eligibility criteria apply to the grant for more information visit www.gov.uk/government/organisations/office-for-low-emission-vehicles. Grant scheme may be withdrawn and eligibility/amounts may change at any time. Information correct as of December 2025. Fuel economy mpg (l/100km): n/a. CO₂ emissions: 0g/km. Electric range N/A.^

^Figures obtained after full battery charge. The Proace Max is a battery electric vehicle requiring mains electricity for charging. Electric range figures were achieved using the WLTP test procedure and are provided for comparison purposes. Only compare CO₂ and electric range figures with other cars tested to the same technical procedures. These figures may not reflect real life driving results, which depend on various factors including the starting charge of the battery, accessories fitted (post-registration), variations in weather, driving styles and vehicle load.

*7.5% APR Representative only available on new retail orders of Proace Max EV between 1st April 2026 and 30th June 2026 and registered and financed through Toyota Financial Services by 30th September 2026 on a 60 month Toyota Hire Purchase (HP) plan with 0%-95% deposit. 

Toyota Financial Services is a trading name of Toyota Financial Services (UK) PLC; registered office Great Burgh, Burgh Heath, Epsom, Surrey, KT18 5UZ. Authorised and regulated by the Financial Conduct Authority. Indemnities may be required. Finance subject to status to over 18s. Other discounts, schemes or finance offers may be available but cannot be used in conjunction with this offer. Offer may be varied or withdrawn at any time. 8,000 miles per annum. Vehicle ownership occurs if all applicable payments are made at the end of the agreement or upon prior settlement.Toyota Centres are independent of Toyota Financial Services. Participating Toyota Centres. Affordable finance through Toyota Hire Purchase (HP). Terms and conditions apply.

Toyota Financial Services may pay a commission to the Toyota Centre for your introduction. This commission will either be a fixed fee or a percentage of the amount you borrow. There may also be other payments made (including incentives only offered to a Toyota Centre). If you decide to take finance for a vehicle, Toyota Financial Services will tell you how much commission is being paid before you enter into your finance agreement. These arrangements will not change the amount you pay under the finance agreement. The Toyota Centre is a credit broker and not a lender.

View promotion details: Discover more

Hire Purchase Frequently Asked Questions

Take a look at our frequently asked questions on getting a car on finance with HP.

0 to 95%.

Choose a term from 24 to 60 months*

 

*Maximum terms vary according to car model.

No.

No.

Yes.

No.

Yes.

Your finance agreement will state that the car must be maintained in line with the manufacturer’s guidelines.

Once all payments under your finance agreement are made, ownership automatically passes to you, so any depreciation risk is yours.

You can own the car.

No.

Yes. Ownership passes once all the monthly payments have been paid, or if you settle all applicable payments earlier.

If you decide to part exchange, you will need to settle your finance agreement, you can do this at any time. For regulated finance agreements, an early settlement amount is calculated in accordance with the Consumer Credit (Early Settlement) Regulations 2004.

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