With an HP agreement, you don`t own the car until you make the last refund. After the natural expiration of a lease agreement, once all contractual payments have been made, you can either pay the call option fee and acquire legal title to the asset, or choose not to pay those fees and simply return the equipment to the financial company. You may terminate a purchase or conditional sales contract in writing and return the goods at any time. This can be useful if you can no longer afford to pay or if you no longer need the goods. A rental purchase (HP), [1] also known as a instalment payment or never, is an agreement in which a customer has entered into a contract to acquire an asset by paying a first instalment (for example.B. 40% of the total) and will repay the balance of the asset price plus interest over a period of time.