Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £14,395 with a £1,440 deposit total, borrowing £12,956 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £336.71
• Final payment: £336.71
• Cash price: £14,395.00
• Customer deposit: £1,439.50
• Total deposit: £1,439.50
• Amount of credit: £12,955.50
• Total amount payable: £17,601.58
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.27%
• APR: 11.90%