Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £36,950 with a £12,932 deposit total, borrowing £24,018 at a representative APR of 9.50% and the following:

• 1 monthly payments of: £497.41
• First monthly payment: £572.41
• Final payment: £572.41
• Cash price: £36,950.00
• Customer deposit: £12,932.00
• Total deposit: £12,932.00
• Amount of credit: £24,018.00
• Total amount payable: £42,926.60
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.50%