Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £45,718 with a £16,001 deposit total, borrowing £29,717 at a representative APR of 9.50% and the following:

• 1 monthly payments of: £615.43
• First monthly payment: £690.43
• Final payment: £690.43
• Cash price: £45,718.00
• Customer deposit: £16,001.00
• Total deposit: £16,001.00
• Amount of credit: £29,717.00
• Total amount payable: £53,076.80
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.50%