Jeep Hire Purchase Calculator
Calculate your Jeep Hire Purchase monthly payments for Wrangler, Grand Cherokee, Compass. Get instant quotes with our free Jeep HP finance calculator.
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Jeep Hire Purchase Calculator
Your Jeep Hire Purchase Results
Amount to be financed
£29,750.00
Monthly payment
£711.02
Term
48 months
Total Amount Paid
£39,379.02
Total interest
£4,379.02
You own the car after
48 months
About Jeep Hire Purchase
Jeep Hire Purchase is a straightforward way to finance your Jeep.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Jeep 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.
Jeep HP is ideal if you want to own your Jeep outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Jeep Hire Purchase FAQs
What is Jeep Hire Purchase?
Jeep 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 Jeep.
How does Jeep HP differ from PCP?
Unlike Jeep 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 Jeep models are available on HP?
All Jeep models are available on Hire Purchase including the Wrangler, Grand Cherokee, Compass. Jeep also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Jeep HP?
Jeep HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Jeep often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Jeep HP?
Jeep HP typically requires a minimum deposit of 10-20% of the car's value. For a £35,000 Jeep, you'd typically need a £5,250-£7,000 deposit. You can put down more to reduce monthly payments.
Can I get Jeep HP with bad credit?
Jeep Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Jeep will work with you to find suitable terms based on your circumstances.
Can I pay off Jeep HP early?
Yes, you can settle your Jeep 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 Jeep HP payments?
Missing Jeep HP payments can result in late fees and may affect your credit rating. Jeep Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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