Hyundai Hire Purchase Calculator
Calculate your Hyundai Hire Purchase monthly payments for i10, i20, i30, Tucson, Santa Fe. Get instant quotes with our free Hyundai HP finance calculator.
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Hyundai Hire Purchase Calculator
Your Hyundai Hire Purchase Results
Amount to be financed
£21,250.00
Monthly payment
£507.87
Term
48 months
Total Amount Paid
£28,127.87
Total interest
£3,127.87
You own the car after
48 months
About Hyundai Hire Purchase
Hyundai Hire Purchase is a straightforward way to finance your Hyundai.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Hyundai 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.
Hyundai HP is ideal if you want to own your Hyundai outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Hyundai Hire Purchase FAQs
What is Hyundai Hire Purchase?
Hyundai 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 Hyundai.
How does Hyundai HP differ from PCP?
Unlike Hyundai 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 Hyundai models are available on HP?
All Hyundai models are available on Hire Purchase including the i10, i20, i30, Tucson, Santa Fe. Hyundai also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Hyundai HP?
Hyundai HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Hyundai often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Hyundai HP?
Hyundai HP typically requires a minimum deposit of 10-20% of the car's value. For a £25,000 Hyundai, you'd typically need a £3,750-£5,000 deposit. You can put down more to reduce monthly payments.
Can I get Hyundai HP with bad credit?
Hyundai Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Hyundai will work with you to find suitable terms based on your circumstances.
Can I pay off Hyundai HP early?
Yes, you can settle your Hyundai 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 Hyundai HP payments?
Missing Hyundai HP payments can result in late fees and may affect your credit rating. Hyundai Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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