Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £52,250 with a £18,287 deposit total, borrowing £33,963 at a representative APR of 9.40% and the following:

• 1 monthly payments of: £703.37
• First monthly payment: £778.37
• Final payment: £778.37
• Cash price: £52,250.00
• Customer deposit: £18,287.00
• Total deposit: £18,287.00
• Amount of credit: £33,963.00
• Total amount payable: £60,639.20
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.40%