Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £34,145 with a £3,415 deposit total, borrowing £30,731 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £798.68
• Final payment: £798.68
• Cash price: £34,145.00
• Customer deposit: £3,414.50
• Total deposit: £3,414.50
• Amount of credit: £30,730.50
• Total amount payable: £41,751.14
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.29%
• APR: 11.90%