Used Cars

Hire Purchase (HP) representative example

Based on a cash price of £11,645 with a £1,165 deposit total, borrowing £10,481 at a representative APR of 9.90% and the following:

• 47 monthly payments of: £263.06
• Final payment: £273.06
• Cash price: £11,645.00
• Customer deposit: £1,164.50
• Total deposit: £1,164.50
• Amount of credit: £10,480.50
• Total amount payable: £13,801.38
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 5.12%
• APR: 9.90%