Used Cars

Hire Purchase (HP) representative example

Based on a cash price of £18,995 with a £1,900 deposit total, borrowing £17,096 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £451.83
• Final payment: £451.83
• Cash price: £18,995.00
• Customer deposit: £1,899.50
• Total deposit: £1,899.50
• Amount of credit: £17,095.50
• Total amount payable: £23,587.34
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.18%
• APR: 12.90%