Used Cars

Hire Purchase (HP) representative example

Based on a cash price of £22,995 with a £2,300 deposit total, borrowing £20,696 at a representative APR of 9.90% and the following:

• 47 monthly payments of: £519.46
• Final payment: £529.46
• Cash price: £22,995.00
• Customer deposit: £2,299.50
• Total deposit: £2,299.50
• Amount of credit: £20,695.50
• Total amount payable: £27,243.58
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 5.12%
• APR: 9.90%