Mazda Hire Purchase Calculator
Calculate your Mazda Hire Purchase monthly payments for CX-5, CX-30, Mazda3, MX-5. Get instant quotes with our free Mazda HP finance calculator.
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Mazda Hire Purchase Calculator
Your Mazda 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 Mazda Hire Purchase
Mazda Hire Purchase is a straightforward way to finance your Mazda.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Mazda 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.
Mazda HP is ideal if you want to own your Mazda outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Mazda Hire Purchase FAQs
What is Mazda Hire Purchase?
Mazda 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 Mazda.
How does Mazda HP differ from PCP?
Unlike Mazda 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 Mazda models are available on HP?
All Mazda models are available on Hire Purchase including the CX-5, CX-30, Mazda3, MX-5. Mazda also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Mazda HP?
Mazda HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Mazda often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Mazda HP?
Mazda HP typically requires a minimum deposit of 10-20% of the car's value. For a £28,000 Mazda, you'd typically need a £4,200-£5,600 deposit. You can put down more to reduce monthly payments.
Can I get Mazda HP with bad credit?
Mazda Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Mazda will work with you to find suitable terms based on your circumstances.
Can I pay off Mazda HP early?
Yes, you can settle your Mazda 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 Mazda HP payments?
Missing Mazda HP payments can result in late fees and may affect your credit rating. Mazda Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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