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Hire Purchase (HP) Representative Example

Example vehicle: MG MG3 1.5 Style VTi-tech. Cash price: £5,990.00. Customer deposit: £0.00. Total amount of credit: £5,990.00. Credit rated as: Excellent. 1 payment of £0.00, followed by 59 payments of £123.92 and 1 final payment of £124.92. Fees of £1.00 are included in the payments shown. Interest charges of £1,445.20.Total amount payable: £7,436.20. Flat rate: 4.75% (fixed). Representative APR: 8.90%. Duration of agreement: 61 months.


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