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A Deposit is an initial sum of money given as a guarantee to secure a purchase in advance and remove it from public sale, with the intent of the balance being paid at a later stage.So, if you’ve been put off from applying for car finance and changing your car because you don’t have the capital for a deposit right now, that’s not a problem.
We are often able to offer our customers no deposit car loans. You’re then free to find the right car for you from any reputable dealership.
Borrowing £7,500 over 4 years with a representative APR of 9.9%, an annual interest rate of 9.9% (Fixed) and a deposit of £0.00, the amount payable would be £188.34 per month, with a total cost of credit of £1,540.43 and a total amount payable of £9,040.43
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Based on a fair credit borrowing £7,500 on a hire purchase agreement over 48 months, a representative APR of 18.5% and a deposit of £0.00, the amount repayable would be £216.89 a month, with a total cost of credit of £2910.72 and a total amount payable of £10410.72.
Rates may differ as they are dependent on individual circumstances. Subject to status.
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