Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £33,950 with a £11,883 deposit total, borrowing £22,068 at a representative APR of 9.50% and the following:

• 1 monthly payments of: £457.01
• First monthly payment: £532.01
• Final payment: £532.01
• Cash price: £33,950.00
• Customer deposit: £11,882.50
• Total deposit: £11,882.50
• Amount of credit: £22,067.50
• Total amount payable: £39,453.10
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.50%