Is there any added protection when using dealer finance?

Yes. Known as a voluntary termination this allows you to get out of an HP agreement early. Provided you’ve repaid at least half the total amount owed, you can terminate the agreement and return the car to the finance company.

This is a handy clause in an HP contract if you find You can’t afford the repayments.

If you decide to do this, the car should be in good condition when you hand it back. If not, you’ll have to pay for any outstanding repair work that needs doing.

If you're not yet halfway through the payments, you’ll need to pay the amount outstanding to reach halfway before you can get out of the agreement.

If you choose a bank or personal loan over hire purchase (HP) finance then you will not receive this important protection.