Can my Hire Purchase car be repossessed?

Yes, your vehicle is at risk of being repossessed by the finance company if you don't keep up with the agreed monthly repayments. Hire Purchase finance works on a 1 to 3 rule with the lender; if you fail to keep up with payments, the finance company can take the car away at any time - even without a court order - unless you’ve paid for at least one-third of the vehicle already. In this case, a court order will be needed for the lender to take the car away.