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Representative finance example

Cash Price £9,999.00. Total Deposit £2,000.00. Total Amount of Credit £7,999.00. First Payment of £204.36, Followed by 46 Payments of £204.36, with a Final Payment of £205.36. Duration of Agreement is 48 Months. Option to Purchase Fee £1.00. Fees are included in the payments shown. Interest Charges of £1,810.28. Total Amount Payable £11,810.28. Annual Fixed Interest Rate of 5.66%. Representative APR 10.9%.

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Representative Example

Finance Product Hire Purchase
Duration of Agreement 48 Months
Vehicle Price £9,999.00
Customer Deposit £2,000.00
Total Deposit £2,000.00
Balance to Finance £7,999.00
Total Charge For Credit £1,810.28
Total Amount Payable £11,810.28
60 Monthly Payments £204.36
APR 10.9% APR
Interest Rate (Fixed) 5.66%
Cash Price Inc VAT £9,999.00

Terms & Conditions

Finance is provided by MotoNovo Finance Limited, One Central Square, Cardiff, CF10 1FS and is available to UK residents aged 18 years or older, subject to status. Terms and Conditions apply. You should not borrow more than you can afford to repay as doing so can cause you financial difficulties. Authorised and regulated by the Financial Conduct Authority.