Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £35,950 with a £12,582 deposit total, borrowing £23,368 at a representative APR of 9.50% and the following:

• 1 monthly payments of: £483.95
• First monthly payment: £558.95
• Final payment: £558.95
• Cash price: £35,950.00
• Customer deposit: £12,582.00
• Total deposit: £12,582.00
• Amount of credit: £23,368.00
• Total amount payable: £41,769.00
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.50%