Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £17,795 with a £1,779 deposit total, borrowing £16,016 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £416.09
• Final payment: £426.09
• Cash price: £17,795.00
• Customer deposit: £1,779.00
• Total deposit: £1,779.00
• Amount of credit: £16,016.00
• Total amount payable: £21,761.32
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.28%
• APR: 11.90%