Reduced Cars

Hire Purchase (HP) Representative Example

Example vehicle: Vauxhall Corsa 1.2 Sting. Cash price: £5,690.00. Customer deposit: £1,000.00. Total amount of credit: £4,690.00. Credit rated as: Excellent. 1 payment of £0.00, followed by 59 payments of £103.62 and 1 final payment of £104.62. Fees of £1.00 are included in the payments shown. Interest charges of £1,527.20.Total amount payable: £7,218.20. Flat rate: 6.41% (fixed). Representative APR: 11.90%. Duration of agreement: 61 months.