Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £5,495 with a £550 deposit total, borrowing £4,946 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £128.53
• Final payment: £128.53
• Cash price: £5,495.00
• Customer deposit: £549.50
• Total deposit: £549.50
• Amount of credit: £4,945.50
• Total amount payable: £6,718.94
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.23%
• APR: 11.90%