Used Vehicles

Hire Purchase (HP) representative example

Based on a cash price of £20,950 with a £7,332 deposit total, borrowing £13,618 at a representative APR of 9.70% and the following:

• 1 monthly payments of: £282.03
• First monthly payment: £357.03
• Final payment: £357.03
• Cash price: £20,950.00
• Customer deposit: £7,332.00
• Total deposit: £7,332.00
• Amount of credit: £13,618.00
• Total amount payable: £24,403.80
• Option to purchase fee: £75.00
• Documentation fee: £75.00
• Rate of interest: 8.90%
• APR: 9.70%