Renault Hire Purchase Calculator
Calculate your Renault Hire Purchase monthly payments for Clio, Megane, Captur, Kadjar. Get instant quotes with our free Renault HP finance calculator.
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Renault Hire Purchase Calculator
Your Renault Hire Purchase Results
Amount to be financed
£18,700.00
Monthly payment
£446.93
Term
48 months
Total Amount Paid
£24,752.53
Total interest
£2,752.53
You own the car after
48 months
About Renault Hire Purchase
Renault Hire Purchase is a straightforward way to finance your Renault.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Renault 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.
Renault HP is ideal if you want to own your Renault outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Renault Hire Purchase FAQs
What is Renault Hire Purchase?
Renault 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 Renault.
How does Renault HP differ from PCP?
Unlike Renault 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 Renault models are available on HP?
All Renault models are available on Hire Purchase including the Clio, Megane, Captur, Kadjar. Renault also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Renault HP?
Renault HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Renault often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Renault HP?
Renault HP typically requires a minimum deposit of 10-20% of the car's value. For a £22,000 Renault, you'd typically need a £3,300-£4,400 deposit. You can put down more to reduce monthly payments.
Can I get Renault HP with bad credit?
Renault Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Renault will work with you to find suitable terms based on your circumstances.
Can I pay off Renault HP early?
Yes, you can settle your Renault 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 Renault HP payments?
Missing Renault HP payments can result in late fees and may affect your credit rating. Renault Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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