Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £16,995 with a £1,700 deposit total, borrowing £15,296 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £404.25
• Final payment: £404.25
• Cash price: £16,995.00
• Customer deposit: £1,699.50
• Total deposit: £1,699.50
• Amount of credit: £15,295.50
• Total amount payable: £21,103.50
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.17%
• APR: 12.90%