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HP

Finance Example

Hire Purchase

£229.03 x 24 months

Vehicle Price £40,000.00
Deposit £7,000.00
Balance to Finance £30,000.00
Acceptance Fee £7,000
Option to Purchase Fee £40,000
Term 49 months
48 Payments of £400.00
Final Payment of £3,000
Total Amount Payable £7,000
Interest Charges £872.72
Interest Rate 6.90%
Representative APR 19.50%
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PCP

Finance Example

Personal Contract Purchase

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