Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £7,445 with a £745 deposit total, borrowing £6,701 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £174.14
• Final payment: £174.14
• Cash price: £7,445.00
• Customer deposit: £744.50
• Total deposit: £744.50
• Amount of credit: £6,700.50
• Total amount payable: £9,103.22
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.25%
• APR: 11.90%