Car finance world can get complicated fast, that’s why we’ll take you through the options so it’s easier to pick the right fit for you. Check out the most popular car finance choices down below – whether you want to change a car every year or become an owner. There’s a way to fund a car for everyone, so let’s get right into it! 
If you want to own a car 
There are multiple choices including Hire Purchase and Personal Contract Purchase if owning a new car is a priority to you. With this type of finance, it’s best to use a car finance calculator to check the estimate for the deposit, monthly payments, and other useful information . 
Hire Purchase 
The first option Hire Purchase (HP for short) allows you to pay equal monthly installments over 3-4 years. You’ll usually need to pay a deposit which can also be covered with part-exchanging an old car.
Source: https://www.entrepreneurshipsecret.com/car-finance-calculator/