Used Volvo Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £22,145 with a £2,215 deposit total, borrowing £19,931 at a representative APR of 9.90% and the following:

• 47 monthly payments of: £500.26
• Final payment: £510.26
• Cash price: £22,145.00
• Customer deposit: £2,214.50
• Total deposit: £2,214.50
• Amount of credit: £19,930.50
• Total amount payable: £26,236.98
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 5.12%
• APR: 9.90%