Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £11,945 with a £1,195 deposit total, borrowing £10,751 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £279.40
• Final payment: £279.40
• Cash price: £11,945.00
• Customer deposit: £1,194.50
• Total deposit: £1,194.50
• Amount of credit: £10,750.50
• Total amount payable: £14,605.70
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.26%
• APR: 11.90%