Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £41,950 with a £14,682 deposit total, borrowing £27,268 at a representative APR of 9.50% and the following:

• 1 monthly payments of: £564.72
• First monthly payment: £639.72
• Final payment: £639.72
• Cash price: £41,950.00
• Customer deposit: £14,682.00
• Total deposit: £14,682.00
• Amount of credit: £27,268.00
• Total amount payable: £48,715.20
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.50%