Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £16,495 with a £1,650 deposit total, borrowing £14,846 at a representative APR of 12.90% and the following:

• 42 monthly payments of: £427.88
• Final payment: £427.88
• Cash price: £16,495.00
• Customer deposit: £1,649.50
• Total deposit: £1,649.50
• Amount of credit: £14,845.50
• Total amount payable: £20,048.34
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.17%
• APR: 12.90%