Hire Purchase (HP) representative example
On the road price of £7,000, with a £1,400 customer deposit, borrowing £5,600 at a representative APR of 11.90%
- 47 monthly payments of£145.38
- Final payment£155.38
- Total amount payable£8,388.24
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
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Ibiza 1.2 TSI FR 5Dr Hatchback
- 2016
- 66824 miles
- Petrol
- Manual
£7,750
£160.97
P/M HP 