Ruskeatakkinen miesoletettu ajaa autoa sateessa.

Hire purchase for car transactions between private individuals

Using hire purchase financing is a simple way to buy a car from a private seller. Hire purchase is available for any bank's customers.

A safe and convenient way to buy a car from a private seller

Avoid unnecessary paperwork. Handle the vehicle’s condition inspection, documents, financing, registration and insurance in one go.

Expert inspection

You’ll know you’re buying a car in good condition. Impartial experts will inspect the car and help you complete the sale.

Preliminary financing offer online

Apply online and you will receive a preliminary financing offer, either immediately or within two banking days. Hire purchase is available for any bank's customers.

With OP hire purchase financing it’s safe to buy a car from a private seller

Hire purchase is a simple and safe option when you are buying a car from a private seller. A-Katsastus will check that the car is in good condition before you complete the purchase. You can also take care of all the other paperwork at the same time: the deed of sale, insurance and registration.

When you choose hire purchase, the car is the guarantee for the financing, so you don’t need separate collateral for the loan. OP retains ownership of the car until you’ve paid the final instalment – exactly the same as a hire purchase scheme from a car dealership. Each monthly repayment is of the same amount and includes interest at a fixed rate. This makes the scheme safer for the buyer.

To qualify for hire purchase financing, the purchased car may not be more than 14 years old. Before the sale, check that the car you are buying is owned personally by the seller. If the car is financed and owned by a finance company, contact our partner Autoraha: https://autoraha.fi/op/. If the car you are buying is financed by OP Corporate Bank, you can also contact our customer service to ask if the financing contract can be transferred from the car’s current holder to you: Frequently asked questions about hire purchase car financing

Learn more about different types of financing

How to buy a car from a private seller

Apply for a financing offer

When you’ve found your car, you can apply for a preliminary financing decision.
Take the car for a test drive

Arrange a test drive with the seller.
Inspection and completing the sale

A-Katsastus will inspect the condition of the vehicle and complete the sale.

Checklist for buying a car

Apply for financing

When you have found your car, apply for a preliminary financing offer using the Car Buyer’s Assistant.
Before purchase, check who the car’s owner is. You can check the car’s owner easily from Traficom (Link). If the car is financed and owned by the finance company, contact our partner Autoraha to arrange the financing and sale: https://autoraha.fi/op/.

Take the car for a test drive

Arrange a time with the seller to go for a test drive.
When you take the car for a drive, check that it has a registration certificate.
While you’re driving, turn off the radio and listen to the sound of the engine at various speeds.
Test the brakes and gears to make sure they’re working properly.
Check the indicators and go through all the electrical equipment.

Book the condition inspection

Make an appointment to have the car inspected at A-Katsastus at a time suitable for you and the seller. Book the inspection at a-katsastus.fi/varaa-aika. Select “OP Autorahoitus” from the list of options. You can have your car inspected and the sale completed during the same visit. This will take about two hours.

Get ready for completing the sale

Read the deed of sale before the transaction.
When you go to the appointment to complete the sale, take a valid photo ID with you.
Bring along your valid driving licence.
Bring your online banking identifiers and be prepared to access your online banking to pay a deposit if this is required. You will also need the online banking identifiers to electronically sign the financing agreement.

Any questions about financing the private purchase of a car?

Call our car finance experts in our customer service.

See our customer service contact information

See A-Katsastus locations and learn more about the condition inspection

Are you looking to buy a car from a dealership?

OP also has hire purchase financing available if you want to buy a car from a dealership.

Learn more about hire purchase financing

Learn more about car financing

OP Car Finance is granted by OP Corporate Bank plc. Vehicles are inspected by A-Katsastus Oy.

Who can apply for OP Car Finance?

You can apply for OP hire purchase financing no matter which bank you normally use. The buyer must also have a valid driving licence.

Which types of vehicle sold by private sellers are suitable for financing with OP hire purchase financing?

You can apply for OP hire purchase financing for a vehicle sold by a private seller if the vehicle passes the condition inspection. A condition inspection is required, because the vehicle is the collateral for the hire purchase financing. Hire purchase financing may be granted for cars that are up to 14 years old.

https://autoraha.fi/op/

Why is it a good idea to carry out a condition inspection when buying a vehicle from a private person?

Unlike when you buy from a car dealership, the Consumer Protection Act does not protect the buyer when the transaction is between two private persons. If any faults in the vehicle become apparent after the transaction, it can be complicated to resolve the matter.

Transactions between private persons are safer for both parties when external experts have inspected the car.

Where can I have a condition inspection done for the vehicle?

The vehicle will be inspected by A-Katsastus. See here for the locations of A-Katsastus that provide OP Car Finance.

What should I look out for when I take the car for a test drive?

You should always take a car for a test drive before buying it. When you buy a car from a private seller using OP hire purchase financing, we recommend taking the car out for a test drive before you complete the sale. This will help you ensure that the car is in good condition and meets your requirements before you take it for a condition inspection.

Turn the radio off when you go for a test drive. Listen to the sound of the engine at various speeds. Test the brakes and gears to make sure they’re working properly. Check the indicators and go through all the electrical equipment.

Why finance a vehicle using hire purchase?

Hire purchase is a smart financing alternative when you buy a car from a private seller. The car is inspected before you buy it, and an external expert will help you handle all paperwork related to the transaction, such as registration and the necessary insurance policies. You will also know precisely how much you will pay in each instalment in advance – the instalment’s interest rate remains the same throughout the contract term.

Can I use OP’s hire purchase financing to buy a car that is owned by a finance company?

OP’s hire purchase financing for sales between private individuals can be used when the car is owned by the seller personally. If the car is owned by a finance company, contact our partner Autoraha to arrange the financing and sale: https://autoraha.fi/op/. If the car you are buying is financed by OP Corporate Bank, you can also contact our customer service to ask if the financing contract can be transferred from the car’s current holder to you: Frequently asked questions about hire purchase car financing.

Luoton kustannukset korko, todellinen vuosikorko, laskutuspalkkio, perustamismaksu

Osamaksurahoituksen kustannukset muodostuvat korosta, laskutuspalkkiosta ja perustamismaksusta. Luoton korko on kiinteä koko sopimuskauden ajan.

Osamaksun korko on yksityishenkilöltä ostaessa 5,9 %, laskutuspalkkio 9 euroa kuukaudessa ja perustamismaksu 190 euroa.

Esimerkiksi: Auton käteishinta (sis. toimituskulut) 20 000 euroa ja käsiraha 5 000 euroa. Osamaksurahoitus on kertaluotto, jonka todellinen vuosikorko 15 190 euron luotolle 5 vuoden maksuajalla on 8,0 %, kun rahoituksen korko on 5,9 prosenttiyksikköä (11/22), perustamismaksu 190 euroa ja laskutuspalkkio 9 euroa/kk. Arvioitu luoton kokonaiskustannus on 23 117,16 euroa ja maksuerien 302,00 euroa lukumäärä 60 kpl. Laskelma on tehty olettaen, että luotto nostetaan kerralla ja luoton korko sekä maksut ja palkkiot pysyvät samana koko laina-ajan. Luoton myöntää OP Yrityspankki Oyj, Gebhardinaukio 1, 00510 Helsinki.