Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £54,950 with a £19,233 deposit total, borrowing £35,718 at a representative APR of 9.40% and the following:

• 1 monthly payments of: £739.70
• First monthly payment: £814.70
• Final payment: £814.70
• Cash price: £54,950.00
• Customer deposit: £19,232.50
• Total deposit: £19,232.50
• Amount of credit: £35,717.50
• Total amount payable: £63,764.50
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.40%