Captur: monthly finance cost
The Renault Captur brings French flair to the hybrid crossover class, and its finance numbers are as approachable as its styling. Priced at £21,995, hire purchase with a 10% deposit of £2,199.50 at 9.9% APR over 48 months costs £501.11 a month, with a total amount payable of £26,252.78. The payment is fixed for the whole term, so budgeting is simple - insurance, servicing and road tax are separate costs.
Captur PCP deals are widely advertised in the UK, generally quoting less per month than HP because a guaranteed future value is set aside as an optional final payment. On HP at about £501 a month, the arrangement is transparent: the full price plus interest is divided across 48 payments, there are no mileage caps, and the car becomes yours with no final decision to make.
Total payable: £26,252.91 · Interest: £4,257.91
Consider what a £4,000 deposit would do: nearly doubling the standard £2,199.50 upfront payment removes a good chunk of borrowing, pulling the £501.11 monthly figure down and saving interest across the agreement. Lengthening the term to 60 months is the other route to a lower monthly payment, but it adds a year of interest to the total.
HP versus PCP for the Captur is a question of commitment. HP suits buyers who want the car long term with clean, automatic ownership. PCP suits those who like lower monthlies and the flexibility to hand back, swap or keep at term end. Verdict: charming numbers for a charming crossover - though the APR you are offered will depend on your credit status.