Used Cars

Hire Purchase (HP) representative example

Based on a cash price of £7,995 with a £800 deposit total, borrowing £7,196 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £187.01
• Final payment: £187.01
• Cash price: £7,995.00
• Customer deposit: £799.50
• Total deposit: £799.50
• Amount of credit: £7,195.50
• Total amount payable: £9,775.98
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.25%
• APR: 11.90%