Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £17,295 with a £1,729 deposit total, borrowing £15,566 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £404.39
• Final payment: £414.39
• Cash price: £17,295.00
• Customer deposit: £1,729.00
• Total deposit: £1,729.00
• Amount of credit: £15,566.00
• Total amount payable: £21,149.72
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.27%
• APR: 11.90%