Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £19,995 with a £2,000 deposit total, borrowing £17,996 at a representative APR of 12.90% and the following:

• 47 monthly payments of: £475.45
• Final payment: £485.45
• Cash price: £19,995.00
• Customer deposit: £1,999.50
• Total deposit: £1,999.50
• Amount of credit: £17,995.50
• Total amount payable: £24,831.10
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.18%
• APR: 12.90%