Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £28,950 with a £10,132 deposit total, borrowing £18,818 at a representative APR of 9.60% and the following:

• 1 monthly payments of: £389.72
• First monthly payment: £464.72
• Final payment: £464.72
• Cash price: £28,950.00
• Customer deposit: £10,132.00
• Total deposit: £10,132.00
• Amount of credit: £18,818.00
• Total amount payable: £33,665.20
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.60%