05/11/2026
Finding the right car is the fun partβdeciding how to pay for it shouldn't be confusing.
To help you cut through the jargon, weβve put together a simple, plain-English breakdown of Personal Contract Purchase (P*P) and Hire Purchase (HP):
πΉ P*P: Lower monthly payments, lower commitment, and total flexibility to upgrade every few years.
πΉ HP: Straightforward monthly payments leading straight to 100% ownership with no mileage limits.
Whether youβre looking to keep monthly costs as low as possible or want to drive away with complete ownership down the line, getting the numbers side by side makes all the difference.
Not sure whether P*P or HP is right for you? Compare lower monthly payments with full ownership, and see which car finance plan fits your budget at OurCar.