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