Specialists in Car Finance
Branching away from dealer finance, or looking into specialised classic and supercar financing? Whatever your next dream car is, we can help fund your ambition.
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Our 5 Top Tips for Car Finance
We know that choosing the right finance for your dream car can be challenging. Here are our top five tips to help you make the best decision.
Read MoreSpecialists in Business Finance
Tailored commercial finance solutions to help businesses expand, invest, and manage cash flow with ease.
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Why Use a Commercial Finance Broker?
Whether you're seeking assets, expansion or managing cash flow, a business finance broker can make all the difference.
Read MoreAbout Charles & Dean
From fostering ambition and innovation to building lasting partnerships, we’re committed to leading in motor & commercial finance solutions.
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Tom Perkins Joins NACFB Board
An exciting milestone for Charles & Dean, Tom has recently been appointed as a Non-Executive Director of the National Association of Commercial Finance Brokers (NACFB).
Read MoreWhen financing your next car, Hire Purchase (HP) is a reliable, traditional solution. At Charles & Dean, we offer clear, specialist guidance on HP agreements, helping you understand their benefits, drawbacks, and how a broker can give you a competitive edge.
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Explore Multiple Lending Options
Competitive Rates
Connections with Trusted Dealerships
What is Hire Purchase?
Hire Purchase (HP) is a flexible car finance solution designed for those who want to own their vehicle outright at the end of the agreement, with fixed payments spread over an agreed term.
Make an upfront deposit, typically around 10% or more of the vehicle’s total price. This initial payment helps reduce the overall amount financed.
Pay a fixed monthly amount over a term of 1–5 years, allowing you to budget with confidence. The same amount is paid each month, making it easy to manage.
After completing all your monthly payments, the car is yours - no balloon payment or hidden fees required. You gain full ownership with complete peace of mind.
Product Suitability
Hire Purchase (HP) offers a clear path to car ownership with fixed monthly payments and flexible terms. However, like any finance option, there are both benefits and drawbacks. Here’s a breakdown to help you make an informed decision:
Full Ownership Own the vehicle outright once all payments are complete.
Equity Building Build equity in the car over time, contributing to your asset portfolio.
Flexible Asset Options Suitable for family cars, luxury models, or commercial vehicles.
Cost-Effective HP is typically the cheapest way to finance a car overall, as payments cover the entire cost of the vehicle.
Higher Monthly Payments Monthly costs are higher compared to PCP, as they cover the full vehicle cost.
Depreciation Risk Without a guaranteed future value (GFV), HP exposes you to potential depreciation if the vehicle's market value drops unexpectedly.
Porsche 911 GT3
£105,000
We leverage relationships with a wide panel of lenders to often secure market-leading rates.
We match you with lenders offering flexible terms that align with your financial goals.
We cross-reference our lender panel to ensure you get the best deal based on rates and overall product suitability for your financial situation.
"Superb communication from friendly, enthusiastic people who understand their customers and the wonderful machines they seek to fund.
Would highly recommend. Elliot & Harriet dealt with me primarily, and they were excellent."
Oliver
Porsche 911 GT3
"As a foreign national newly back in the UK, securing car finance was challenging despite my affordability.
After contacting over 30 brokers and lenders requiring years of credit history, Elliot found a lender for my dream car - at a better rate than anyone else. Alice then ensured everything was set up smoothly, even staying late to resolve bank transfer delays. Their professionalism and dedication were exceptional.
I highly recommend Charles & Dean for specialist car finance."
Juan
Aston Martin DB9
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