Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £19,950 with a £6,983 deposit total, borrowing £12,968 at a representative APR of 9.70% and the following:

• 1 monthly payments of: £268.56
• First monthly payment: £343.56
• Final payment: £343.56
• Cash price: £19,950.00
• Customer deposit: £6,982.50
• Total deposit: £6,982.50
• Amount of credit: £12,967.50
• Total amount payable: £23,246.10
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.70%