AutoMoney Trust provides HP car finance for used cars across the UK. You can apply online, check your eligibility with a soft search first, and review your finance offer before deciding whether to continue.
AutoMoney Trust is a UK hire purchase lender helping customers spread the cost of a used car through fixed monthly repayments. Instead of paying the full vehicle price upfront, HP finance lets you repay the amount borrowed over an agreed term.
With HP finance, the car belongs to the lender during the agreement. Once all required payments have been made and the option to purchase fee has been paid, ownership transfers to you.
AutoMoney Trust considers applications across a wide range of circumstances. Finance is subject to status, affordability checks, vehicle checks and lending criteria.
HP car finance with AutoMoney Trust may suit customers who want a straightforward way to finance a used car and work towards ownership at the end of the agreement.
This service may be suitable if you:
If you want to estimate monthly payments first, you can use the finance calculator before applying.
Your initial eligibility check uses a soft credit search, so checking your eligibility will not affect your credit score.
A poor credit history does not automatically mean you cannot apply. We consider affordability and your wider circumstances, not just your credit score. Check our guide on applying for car finance with poor credit.
Before signing your finance agreement, we'll provide you with a full breakdown of your finance package, including your monthly payments, APR, agreement term, any fees, and the total amount you'll pay over the life of the agreement.
AutoMoney Trust is a direct HP car finance lender. If your application is approved and you choose to proceed, your agreement will be with AutoMoney Trust throughout the finance term.
Complete the online application with your personal, income, employment and contact details. The first stage uses a soft search, so checking your eligibility will not affect your credit score.
Finance is not guaranteed. Any offer depends on status, affordability checks and lending criteria.
Open finance affordability form
If your application is approved, you can review your finance offer before deciding whether to continue. This will include the monthly payment, APR, agreement term, total amount payable and any fees.
Make sure the repayments are affordable for the full agreement term before signing.
Open finance calculator
Once your finance has been agreed in principle, you can choose a suitable used car. The vehicle will need to meet AutoMoney Trust criteria before the finance can be completed.
You can browse used car finance by manufacturer if you are still comparing options.
Before signing, read the agreement carefully and make sure you understand the payments, fees, agreement term, total amount payable and your responsibilities.
If anything is unclear, ask before signing. HP finance is a legal and financial commitment.
Once your documents are signed, all checks are complete and the dealership is paid, you can drive away in your car.
During the agreement, you must keep up with repayments, keep the vehicle insured and follow the terms of your HP agreement. Once all required payments and the option to purchase fee have been made, ownership transfers to you.
HP car finance can be a straightforward way to finance a used car, but it is still a credit agreement. You should understand the costs and responsibilities before applying.
The vehicle belongs to the lender during the HP agreement. You become the owner once all required payments and the option to purchase fee have been made.
Because HP finance includes interest and may include fees, the total amount payable will usually be more than the vehicle price.
You must ensure the vehicle is covered by fully comprehensive insurance for the duration of the agreement.
If you miss payments or do not keep to the agreement, this may affect your credit score and your ability to get credit in the future. Your vehicle may also be at risk if you do not maintain payments.
If you are ready to start, you can apply online in a few minutes. You can also use the finance calculator first if you want to estimate monthly payments before completing an application.
Before applying, you may want to read:
Yes, AutoMoney Trust accepts applications from customers with a lower credit score, as we look at your wider financial situation rather than relying on a single number. Affordability, income stability, current commitments, and recent credit conduct are all considered. A lower score may affect the rate you are offered or the amount you can borrow, but it does not automatically rule out approval. Applications remain subject to status and affordability checks. If you are ready to see your options, you can start an application online and receive a decision in minutes.
With Hire Purchase, you pay the full vehicle value across fixed monthly payments, then own the car outright after a small Option to Purchase Fee. With PCP, monthly payments are typically lower because you only pay off part of the car's value, with a large optional balloon payment at the end if you want to keep it. PCP often has mileage limits and condition charges; HP does not. AutoMoney Trust offers Hire Purchase only, as it provides predictable costs and guaranteed ownership for customers buying used cars.
AutoMoney Trust hire purchase agreements include one standard fee: paid alongside your first monthly payment an Option to Purchase Fee of £199, only payable at the end of the agreement if you decide to keep the car. Both fees are detailed in your agreement. Additional charges, such as reminder letter fees or default interest, may apply if payments are missed, full details are listed in our arrears fees and default interest schedule. AutoMoney Trust does not charge early repayment fees if you choose to settle your agreement ahead of schedule.
Yes, car finance may still be available with poor credit, although approval depends on your wider financial circumstances rather than your credit score alone. AutoMoney Trust specialises in helping customers who have been declined elsewhere, including those with CCJs, defaults, or limited credit history. We assess affordability, income stability, and current commitments alongside your credit file. Poor credit may mean a higher interest rate or a smaller borrowing amount, but it does not automatically rule you out. You can explore finance options by completing a short online application, with a soft search that won't affect your credit score.
