Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £15,650 with a £5,477 deposit total, borrowing £10,173 at a representative APR of 9.80% and the following:

• 1 monthly payments of: £210.68
• First monthly payment: £285.68
• Final payment: £285.68
• Cash price: £15,650.00
• Customer deposit: £5,477.00
• Total deposit: £5,477.00
• Amount of credit: £10,173.00
• Total amount payable: £18,267.80
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.80%