Hire Purchase (HP)

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Covid-19 Update

Last updated - 5pm on 05/01/21

As a responsible lender authorised by the Financial Conduct Authority, we understand that many of our customers may continue to be directly or indirectly affected by COVID-19.

Our philosophy ensures that we remain committed to respecting individuals and treating customers fairly during these unprecedented times.

We would like to reassure you that we are here to support you and the management of your Honda Finance agreement throughout this pandemic. We have some options we can make available to you, including payment deferrals, and we will work with you to find a solution that is in your best interests. We have ensured that you will experience the usual short wait times when you call our customer service team.

Should you wish to contact us for support, please call on 0345 128 8908 and select the COVID-19 option on the menu. Alternatively, please email us on hfe.customerservice@honda-eu.com to request a call back. Our opening times are 9am to 5pm, Monday to Friday.

Other organisations like the Money Advice Service may also be a good source of information and support: https://www.moneyadviceservice.org.uk/en

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HIRE PURCHASE

Hire Purchase is one of a number of finance products offered by Honda Financial Services, allowing you to budget effectively because the interest rate and monthly payments are fixed at the start for the whole term of the agreement. To find out more, watch our HP video by clicking on the button below.

 
Deposit and fixed monthly payments

It's more manageable than you might think

So, how does it work?

  • Choose the car you want. 
  • Agree how much deposit you’d like to put down.
  • The rest of the cost of the car, plus interest, is paid in equal monthly payments.
  • You can then adjust the length of the agreement to suit you, anywhere between one and five years to fit the monthly payment you’d like.
  • Once you’ve paid all the monthly payments and the option to purchase fee, you own the car.
  • You could then choose to go back to a Honda dealer and part-exchange it for another new Honda.
Choose the right product

Choose the right product

HP may not be right for you. So, check out our other finance products to make sure you choose the product that best suits your needs and then contact your local Honda dealer for more details or for a personalised quote.