
Representative Example for Hire Purchase (HP)
Vehicle price £15,999. Borrowing £13,999 with a £2,000 deposit at a representative APR of 9.9%. We are a Credit Broker and Not a Lender. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) this will not affect the rate you are offered or the amount you will pay back.
Vehicle price £15,999. Borrowing £13,999 with a £2,000 deposit at a representative APR of 9.9%. We are a Credit Broker and Not a Lender. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) this will not affect the rate you are offered or the amount you will pay back.
Cash Price
£16,450.00
Deposit
£1,645.00
Total Amount of Credit
£14,805.00
Monthly Payments
£311.50
Representative APR
9.9% APR
Annual Interest Rate (fixed)
5.3–5.6% p.a.
Term
60 months
Total Amount Payable
£20,335.00
MINEREST MOTORS LIMITED trading as Albar Autos is an Appointed Representative of Automotive Compliance Ltd who is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows MINEREST MOTORS LIMITED trading as Albar Autos to act as a credit broker, not a lender, for the introduction to a limited number of lenders. We are a credit broker and not a lender. We can introduce you to a lender on our panel. We may also work with credit brokers who have access to other lenders. We have commercial arrangements with lenders and credit brokers which are likely to influence who we introduce you to. We are not an independent financial adviser and don’t give you any advice or recommendations. It is your choice whether you enter into any finance agreement. We will usually receive a commission for your introduction. This will be either a fixed fee, or a fixed percentage of the amount that you borrow. Before we propose you to a potential lender, we will tell you of the likely amount of commission we will receive and seek your consent to receiving this commission. The exact amount of commission will be confirmed before you sign your finance agreement. All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over. Guarantees may be required. Meet Oli & Fabio, the team continuing Cliff Johnson's legacy. Serving Mountsorrel since 1969 with honest advice and quality used cars. Visit us today.
0116 230 3055
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