Used Estate Cars

Hire Purchase (HP) representative example

Based on a cash price of £10,945 with a £1,095 deposit total, borrowing £9,851 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £256.01
• Final payment: £256.01
• Cash price: £10,945.00
• Customer deposit: £1,094.50
• Total deposit: £1,094.50
• Amount of credit: £9,850.50
• Total amount payable: £13,382.98
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.26%
• APR: 11.90%