Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £14,495 with a £1,450 deposit total, borrowing £13,046 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £344.79
• Final payment: £344.79
• Cash price: £14,495.00
• Customer deposit: £1,449.50
• Total deposit: £1,449.50
• Amount of credit: £13,045.50
• Total amount payable: £17,999.42
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.17%
• APR: 12.90%