Category: Car Finance Tips

Car Finance Tips

Car Finance Jargon Explained – Most Used Ones

Car finance is a popular option for anyone looking to buy a new car. But when you first start researching car finance, you may find that there are a lot of confusing terms that you don’t understand. Here’s a guide to car jargon so you can understand better what it all means. Hire Purchase Hire

REPRESENTATIVE FINANCE EXAMPLE:

Borrowing £7,500 over 4 years with a representative APR of 27.9%, an annual interest rate of 27.9% (Fixed) and no deposit, the amount repayable would be £244.77 per month, and total cost of credit would be £4,248.96 and the total amount payable would be £11,748.97*

*Your rate may differ from the above illustration due to your individual circumstances. All credit subject to status.

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