Hire Purchase (HP) representative example
- PCP HP
- 48 monthly payments £188.06
- Deposit £500
- APR 8.5%
- Fixed rate of interest 5.57%
- Cash price £10,378.00
- Total amount payable £12,578.82
- Term 48 months
- Amount of credit £9,878.00
- Annual mileage 8,000
- Minimum guaranteed future value £3,240.00