Lexus Hire Purchase Calculator
Calculate your Lexus Hire Purchase monthly payments for IS, ES, NX, RX, LC. Get instant quotes with our free Lexus HP finance calculator.
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Lexus Hire Purchase Calculator
Your Lexus Hire Purchase Results
Amount to be financed
£38,250.00
Monthly payment
£914.17
Term
48 months
Total Amount Paid
£50,630.17
Total interest
£5,630.17
You own the car after
48 months
About Lexus Hire Purchase
Lexus Hire Purchase is a straightforward way to finance your Lexus.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Lexus 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.
Lexus HP is ideal if you want to own your Lexus outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Lexus Hire Purchase FAQs
What is Lexus Hire Purchase?
Lexus 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 Lexus.
How does Lexus HP differ from PCP?
Unlike Lexus 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 Lexus models are available on HP?
All Lexus models are available on Hire Purchase including the IS, ES, NX, RX, LC. Lexus also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Lexus HP?
Lexus HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Lexus often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Lexus HP?
Lexus HP typically requires a minimum deposit of 10-20% of the car's value. For a £45,000 Lexus, you'd typically need a £6,750-£9,000 deposit. You can put down more to reduce monthly payments.
Can I get Lexus HP with bad credit?
Lexus Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Lexus will work with you to find suitable terms based on your circumstances.
Can I pay off Lexus HP early?
Yes, you can settle your Lexus 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 Lexus HP payments?
Missing Lexus HP payments can result in late fees and may affect your credit rating. Lexus Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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