Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £79,950 with a £27,982 deposit total, borrowing £51,968 at a representative APR of 9.40% and the following:

• 1 monthly payments of: £1,076.25
• First monthly payment: £1,151.25
• Final payment: £1,151.25
• Cash price: £79,950.00
• Customer deposit: £27,982.00
• Total deposit: £27,982.00
• Amount of credit: £51,968.00
• Total amount payable: £92,707.00
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.40%