Finance

Car, Van, and Motorbike Finance

Hire Purchase Finance

Here at First Response Finance, we offer Hire Purchase (HP) finance on three types of vehicles: cars, vans, and motorbikes.

Simply put, Hire Purchase is a way of buying a vehicle on finance, where the loan is secured against the vehicle – you make fixed monthly or weekly payments over an agreed period of time, and when the last payment has been made you legally own the vehicle.

Representative 29.9% APR

Car Finance

Car Finance

We have spent time improving our car Hire Purchase product based on customer feedback to ensure the process is straightforward and simple. It is now easier than ever to finance a car with First Response Finance.

Van Finance

Van Finance

Most of the customers that purchase a van using our Hire Purchase product are self-employed and need the vehicle for business needs, and as a specialist lender in light commercial vehicles (LCVs), you can rest assured that we are well equipped to help you.

Motorbike Finance

Motorbike Finance

We work with a large number of motorbike dealerships from across the UK, and have provided Hire Purchase finance on both new and used motorbikes, from a vast range of motorbike manufacturers.

For more information about purchasing a vehicle using our Hire Purchase product, check out our Car Finance, Van Finance, and Motorbike Finance pages.

Hire Purchase Pros and Cons

Pros

  • Simple to arrange
  • Fixed interest rate
  • No deposit required
  • No annual mileage restrictions
  • Flexible term lengths (18 - 61 months)
  • Fixed monthly (or weekly) repayments
  • Vehicle belongs to you after the final payment has been made
  • Customers are protected under the Consumer Rights Act (2015)

Cons

  • Finance is subject to status and not guaranteed 
  • You do not own the vehicle until the final payment has been made
  • The vehicle is at risk of repossession if you do not keep up with repayments
  • Not suitable if you plan on paying off your finance agreement within six months

Cost of Finance

As with all types of finance, the APR offered will depend on your credit history, which is seen as proof of how you manage your money.

Typically, a customer’s credit history is referred to as either poor (Sub-prime), fair (Near-prime), or good (Prime) – the APR you are offered by any finance company will depend on which category you fall into.

Use our finance calculator to get an estimate of how much a finance agreement with First Response Finance costs.

Finance Calculator

Personal Loan

For existing customers only

For our existing customers we can provide an unsecured personal loan that can be used for a variety of reasons. For example, to make some home or vehicle improvements, or pay-off a family holiday – the choice is yours!

Please note: you can not apply for a personal loan online.