On a typical Hire Purchase agreement, the lender will own the car up until the payments are complete and paid in full. This means you won’t be able to sell the car, without completing the agreement. With a personal loan, you will own the vehicle from the date of purchase, as the agreement isn’t tied to the car.
2023 Driven Auto Solutions Ltd, Trading as DrivenFi is registered in England & Wales under No. 14291773. Registered Office: 167-169 Great Portland Street, 5th Floor, London, England, W1W 5PF. Authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 994564). Finance is subject to status and available only to UK residents aged 18 and over.
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Driven Auto Solutions encourages responsible lending and does not charge fees for Consumer Credit services. Driven Auto Solutions is a member of the Finance & Leasing Association (FLA) and complies with its Lending Code. We may receive payment or benefits from finance providers if you choose to enter an agreement with them. We are a licenced credit broker, not a lender.
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