Hire Purchase (HP) representative example
Total cash price £10,378. Borrowing £9,878 with a £500 deposit at a representative APR of 9.9%.
- PCP HP
- 47 monthly payments £100.84
- APR 9.9%
- Cash price £10,378
- Deposit £500
- Amount of credit £9,878
- Interest charges £3,504.48
- Total amount payable £13,892.48
- Term 48 months
- Annual mileage 3,000
- Optional final payment £8,653