Finance Examples

(taken on July 2007)

0% finance example:

Brand New Citroen C4 Coupe 1.6 HDi VTR
Cost price = £11550
Deposit = £4043
36 months at £208.53
Total amount payable = £11550
0% apr


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Low Rate Finance Example:

Brief Finance Explanation:
Our finance is based on a fixed flat rate of 2.4% plus total fees of £299. This roughly equates to about 5.9% typical apr but the actual apr depends entirely on how much you borrow and how long over - ie. the fixed flat rate of 2.4% never changes but due to the way that apr is calculated it can vary quite a bit according to the individual deal (eg. £20000 over 4 years is around 5.3% apr whilst £8000 over 3 years will be around 6.9% apr). However, our apr will almost always be a lot less than most other dealers or lenders. Contact us for an exact apr quote on any particular deal.

This is a very typical example deal:

Very Nearly New Vauxhall Astra 1.6 Club 5 door with just 100 miles
Cost price = £10500
Deposit = £500

Balance to finance = £10000 over 4 years
Calculation: 10000 + ((10000 x 2.4%) x 4) = £10960

Total Repayments:
48 months at £228.33
Final settlement fee = £299

Interest payable = £959.84
Total finance amount payable = £11258.84
Therefore the total cost of finance = £1258.84

This equates to 5.9% APR (5.945% AER)

Total cost of car including finance costs and initial deposit = £11758.84 (may be less if settled early)

*calculations based on using the OFT's apr calculator.
*although apr is designed to try to simplify comparisons between providers, it still isn't perfect - always compare the actual amounts payable on any loan plus any fees to get the true cost to you! You should then hopefully find that our rates are very good!