This means that you are not required to make a payment when signing your contract.
You can if you wish to make a deposit payment. This will reduce the time taken to repay any funding facility offered and where a funding facility has interest attached, paying a deposit will reduce the amount of interest paid.
Example Payment:
| Representative Example | |
|---|---|
| Cash Price | £3,500 |
| Deposit of | £0.00 |
| Amount of Credit | £3,500 |
| Duration of Agreement | 120 |
| Interest Rate (Fixed p.a.) | 11.9% |
| Representative APR | 11.9% |
| 120 Monthly Payments of | £48.80 |
| Total Amount Repayable | £5,856.00 |
