Honda Hire Purchase Calculator
Calculate your Honda Hire Purchase monthly payments for Civic, CR-V, HR-V, Jazz. Get instant quotes with our free Honda HP finance calculator.
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Honda Hire Purchase Calculator
Your Honda Hire Purchase Results
Amount to be financed
£23,800.00
Monthly payment
£568.82
Term
48 months
Total Amount Paid
£31,503.22
Total interest
£3,503.22
You own the car after
48 months
About Honda Hire Purchase
Honda Hire Purchase is a straightforward way to finance your Honda.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Honda Financial Services offers competitive HP rates, typically ranging from 4.9% to 9.9% APR. Unlike PCP, there's no final balloon payment - you make equal monthly payments throughout the term.
Honda HP is ideal if you want to own your Honda outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Honda Hire Purchase FAQs
What is Honda Hire Purchase?
Honda Hire Purchase (HP) is a straightforward financing option where you pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the Honda.
How does Honda HP differ from PCP?
Unlike Honda PCP, Hire Purchase has no final balloon payment. You make equal monthly payments throughout the term and automatically own the car at the end. HP typically has higher monthly payments but lower total cost.
What Honda models are available on HP?
All Honda models are available on Hire Purchase including the Civic, CR-V, HR-V, Jazz. Honda also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Honda HP?
Honda HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Honda often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Honda HP?
Honda HP typically requires a minimum deposit of 10-20% of the car's value. For a £28,000 Honda, you'd typically need a £4,200-£5,600 deposit. You can put down more to reduce monthly payments.
Can I get Honda HP with bad credit?
Honda Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Honda will work with you to find suitable terms based on your circumstances.
Can I pay off Honda HP early?
Yes, you can settle your Honda HP agreement early. You'll receive a settlement figure that includes any outstanding balance minus interest charges. Early settlement can save you money on interest.
What happens if I miss Honda HP payments?
Missing Honda HP payments can result in late fees and may affect your credit rating. Honda Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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