Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £16,645 with a £1,665 deposit total, borrowing £14,981 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £389.34
• Final payment: £389.34
• Cash price: £16,645.00
• Customer deposit: £1,664.50
• Total deposit: £1,664.50
• Amount of credit: £14,980.50
• Total amount payable: £20,352.82
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.27%
• APR: 11.90%