Used Cars

Hire Purchase (HP) representative example

Based on a cash price of £21,795 with a £2,180 deposit total, borrowing £19,616 at a representative APR of 9.90% and the following:

• 47 monthly payments of: £492.35
• Final payment: £502.35
• Cash price: £21,795.00
• Customer deposit: £2,179.50
• Total deposit: £2,179.50
• Amount of credit: £19,615.50
• Total amount payable: £25,822.30
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 5.12%
• APR: 9.90%