Hello there, @pdwilliamsltd. Hope you're keeping well.

In QuickBooks Online, you can record them by creating an appropriate account.

If the Hire Purchase agreement is 12 months or less, create a Current Liability with Loans Payable as the detail type. If the Hire Purchase agreement is more than 12 months, create a Non-current Liability with Note Payable as the detail type. Let me guide you further with these steps:

1. Go to Accounting on the left panel.
2. Within the Chart of Accounts tab,  click the +New button.
3. Select the correct account type and detail type of the account.
4. Click Save and close.

Then, create a Tangible Asset account with an appropriate detail type of Vehicles. You can follow the same steps above.

Once you have your accounts, create a journal entry. Here's how:

1. On QuickBooks Homepage, go to the +New button.
2. Select Journal entry under the Other column.
3. Date the Journal with the day you made the agreement.
4. On the first line, in the account column select the Tangible Asset account you've created, and add the Assets value to the  Debits Column.  If needed, add a note in the description line.
5. On the second line, in the account column add your Liability account, the Credits column will auto populate once selected. 
6. Enter all the necessary information.
7. Then, hit Save and close.

You can check this article for more insights about initial payments: How to record a Hire Purchase agreement in QuickBooks Online. 

Still, I'd recommend reaching out to your accountant for more guidance in handling them. If you don't have an accountant yet, you can open our ProAdvisor Page. Pick an option of what expertise you need to find. Enter your city or zip code. Then, hit Search.

Please visit again if you have other concerns with QuickBooks. I'll respond and help you as soon as I can. Take care and stay safe.