Used MG Vehicles

Hire Purchase (HP) representative example

Based on a cash price of €20,950 with a €7,333 deposit total, borrowing €13,618 at a representative APR of 8.70% and the following:

• 58 monthly payments of: €275.79
• Final payment: €350.79
• Cash price: €20,950.00
• Customer deposit: €7,332.50
• Total deposit: €7,332.50
• Amount of credit: €13,617.50
• Total amount payable: €24,029.90
• Option to purchase fee: €75.00
• Documentation fee: €75.00
• Rate of interest: 7.95%
• APR: 8.70%