Can a finance company repossess my car if I miss payments?

Potentially, because the finance company usually owns a PCP or hire-purchase vehicle during the agreement. The exact process and protections depend on the regulated agreement and how much has been paid.

In relation to “Can a finance company repossess my car if I miss payments?”, pCP and hire purchase are credit agreements, so the useful numbers are not only the monthly payment but also total payable, settlement and any end-of-contract amount.

For “Can a finance company repossess my car if I miss payments?”, contact the lender early rather than ignoring missed-payment letters. Keep a written record of affordability discussions, proposed arrangements and any notice received.

For “Can a finance company repossess my car if I miss payments?”, this answer is written for a Northern Ireland user, but some vehicle-registration, consumer-credit and insurance functions operate on a UK-wide basis. The attached sources — MoneyHelper - Personal Contract Purchase (PCP), MoneyHelper - Buying a car with Hire Purchase, and nidirect - Contact Consumerline — are therefore deliberately mixed where the responsible authority is UK-wide. That is more accurate than forcing every point into an NI-only source.

Practical next step for “Can a finance company repossess my car if I miss payments?”: open the finance agreement and find the figures or clause relevant to this question. If you are changing or ending the agreement, request the current position directly from the finance provider before promising the car to anyone else.