Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £15,495 with a £1,550 deposit total, borrowing £13,946 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £368.57
• Final payment: £368.57
• Cash price: £15,495.00
• Customer deposit: £1,549.50
• Total deposit: £1,549.50
• Amount of credit: £13,945.50
• Total amount payable: £19,240.86
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.17%
• APR: 12.90%