REPRESENTATIVE FINANCE EXAMPLES
*Shown below are hire purchases with balloon finance examples, purely for indicative purposes. Please contact one of the team for a tailored quotation.
If you borrow £72,000 and pay a £8,000 deposit to the dealer for a car with a cash price of £80,000 over 36 months at a Representative APR of 8.9% and an annual interest rate of 4.54% (fixed), you would pay £1,096.75 with one final balloon payment of £49,106.75. The total amount payable including your deposit and admin fees would be £95,803.00.
Value of vehicle
£80,000
10% Deposit
£8,000
Total charge of credit
£15,643
36 monthly payments of
£1,096.75
Final Balloon payment
£49,106.75
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