Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £17,495 with a £1,750 deposit total, borrowing £15,746 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £416.15
• Final payment: £416.15
• Cash price: £17,495.00
• Customer deposit: £1,749.50
• Total deposit: £1,749.50
• Amount of credit: £15,745.50
• Total amount payable: £21,724.70
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.17%
• APR: 12.90%