Used Cars

Hire Purchase (HP) representative example

Based on a cash price of £17,145 with a £1,715 deposit total, borrowing £15,431 at a representative APR of 9.90% and the following:

• 47 monthly payments of: £387.31
• Final payment: £397.31
• Cash price: £17,145.00
• Customer deposit: £1,714.50
• Total deposit: £1,714.50
• Amount of credit: £15,430.50
• Total amount payable: £20,315.38
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 5.12%
• APR: 9.90%