Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £31,995 with a £3,200 deposit total, borrowing £28,796 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £748.39
• Final payment: £748.39
• Cash price: £31,995.00
• Customer deposit: £3,199.50
• Total deposit: £3,199.50
• Amount of credit: £28,795.50
• Total amount payable: £39,122.22
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.28%
• APR: 11.90%