Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £54,320 with a £19,012 deposit total, borrowing £35,308 at a representative APR of 9.40% and the following:

• 1 monthly payments of: £731.22
• First monthly payment: £806.22
• Final payment: £806.22
• Cash price: £54,320.00
• Customer deposit: £19,012.00
• Total deposit: £19,012.00
• Amount of credit: £35,308.00
• Total amount payable: £63,035.20
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.40%