Volvo Hire Purchase Calculator
Calculate your Volvo Hire Purchase monthly payments for XC40, XC60, XC90, S60, V60. Get instant quotes with our free Volvo HP finance calculator.
Used by 5000+ users
Free to use • No registration required • Instant results
Volvo Hire Purchase Calculator
Your Volvo Hire Purchase Results
Amount to be financed
£34,000.00
Monthly payment
£812.60
Term
48 months
Total Amount Paid
£45,004.60
Total interest
£5,004.60
You own the car after
48 months
About Volvo Hire Purchase
Volvo Hire Purchase is a straightforward way to finance your Volvo.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Volvo 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.
Volvo HP is ideal if you want to own your Volvo outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Volvo Hire Purchase FAQs
What is Volvo Hire Purchase?
Volvo 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 Volvo.
How does Volvo HP differ from PCP?
Unlike Volvo 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 Volvo models are available on HP?
All Volvo models are available on Hire Purchase including the XC40, XC60, XC90, S60, V60. Volvo also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Volvo HP?
Volvo HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Volvo often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Volvo HP?
Volvo HP typically requires a minimum deposit of 10-20% of the car's value. For a £40,000 Volvo, you'd typically need a £6,000-£8,000 deposit. You can put down more to reduce monthly payments.
Can I get Volvo HP with bad credit?
Volvo Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Volvo will work with you to find suitable terms based on your circumstances.
Can I pay off Volvo HP early?
Yes, you can settle your Volvo 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 Volvo HP payments?
Missing Volvo HP payments can result in late fees and may affect your credit rating. Volvo Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
Related Volvo Tools
Volvo MOT Check
Check your MOT status, see its expiry date, days remaining and previous failure
Volvo Road Tax Check
Check your road tax status, expiry date and remaining days
Volvo ULEZ Check
Check your ULEZ compliance status and daily charges
Volvo PCP Calculator
Calculate your PCP finance payments and balloon payment