Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £11,295 with a £1,130 deposit total, borrowing £10,166 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £268.67
• Final payment: £268.67
• Cash price: £11,295.00
• Customer deposit: £1,129.50
• Total deposit: £1,129.50
• Amount of credit: £10,165.50
• Total amount payable: £14,025.66
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.16%
• APR: 12.90%