Mercedes-Benz Hire Purchase Calculator
Calculate your Mercedes-Benz Hire Purchase monthly payments for C-Class, E-Class, S-Class, GLC, GLE and more. Get instant quotes with our free Mercedes HP finance calculator.
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Mercedes-Benz Hire Purchase Calculator
Your Mercedes-Benz Hire Purchase Results
Amount to be financed
£42,500.00
Monthly payment
£1,015.74
Term
48 months
Total Amount Paid
£56,255.75
Total interest
£6,255.75
You own the car after
48 months
About Mercedes-Benz Hire Purchase
Mercedes-Benz Hire Purchase is a straightforward way to finance your Mercedes.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Mercedes-Benz 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.
Mercedes HP is ideal if you want to own your Mercedes outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Mercedes-Benz Hire Purchase FAQs
What is Mercedes-Benz Hire Purchase?
Mercedes-Benz 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 Mercedes.
How does Mercedes HP differ from PCP?
Unlike Mercedes 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 Mercedes models are available on HP?
All Mercedes-Benz models are available on Hire Purchase including the A-Class, C-Class, E-Class, S-Class, GLA, GLC, GLE, GLS, and electric models. AMG models are also available on HP.
What is the typical APR for Mercedes HP?
Mercedes-Benz HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Mercedes often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Mercedes HP?
Mercedes HP typically requires a minimum deposit of 10-20% of the car's value. For a £50,000 Mercedes, you'd typically need a £5,000-£10,000 deposit. You can put down more to reduce monthly payments.
Can I get Mercedes HP with bad credit?
Mercedes-Benz Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Mercedes will work with you to find suitable terms based on your circumstances.
Can I pay off Mercedes HP early?
Yes, you can settle your Mercedes 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 Mercedes HP payments?
Missing Mercedes HP payments can result in late fees and may affect your credit rating. Mercedes-Benz Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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