Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £12,145 with a £1,215 deposit total, borrowing £10,931 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £284.08
• Final payment: £284.08
• Cash price: £12,145.00
• Customer deposit: £1,214.50
• Total deposit: £1,214.50
• Amount of credit: £10,930.50
• Total amount payable: £14,850.34
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.27%
• APR: 11.90%