Used Vans

Hire Purchase (HP) representative example

Based on a cash price of £27,995 with a £2,800 deposit total, borrowing £25,196 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £654.82
• Final payment: £654.82
• Cash price: £27,995.00
• Customer deposit: £2,799.50
• Total deposit: £2,799.50
• Amount of credit: £25,195.50
• Total amount payable: £34,230.86
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.28%
• APR: 11.90%