Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £15,995 with a £1,600 deposit total, borrowing £14,396 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £380.47
• Final payment: £380.47
• Cash price: £15,995.00
• Customer deposit: £1,599.50
• Total deposit: £1,599.50
• Amount of credit: £14,395.50
• Total amount payable: £19,862.06
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.17%
• APR: 12.90%