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Company Registration Number: 09057514
Use our finance calculator to calculate payments over the life of your loan. Enter your information to see how much your monthly payments could be. You can adjust length of loan, down payment and interest rate to see how those changes raise or lower your payments.
Loan Amount
Term
Monthly payment
Paying £ per month
for months
allows you to borrow £
Total amount payable £
Hire purchase is a popular way of spreading the cost of a car. We pay the supplying dealer for the car (minus any deposit you have paid) and you repay us, with interest, over a fixed term between 24 and 60 months.
You will know exactly how much you have to pay us each month, meaning that you can budget easily and work out which car you can afford. There are no hidden extras or charges.
With hire purchase, you will own the vehicle outright at the end the agreement and non-business customers benefit from protection under the Consumer Credit Act.
It’s important to remember that you will be required to keep up repayments for the whole term, even if your circumstances change. Also, you will not have any protection against an unexpected fall in value of the vehicle during a hire purchase agreement. If you don’t keep to your side of the agreement, we may repossess the car from you.
Representative Example | |
Borrowing | £9000 for 60 months |
Monthly repayment | £224.33 |
Total amount repayable | £13634.80 |
Representative APR | 18.99% |
Representative Example | |
Borrowing | £9000 for 60 months |
Monthly repayment | £245.40 |
Total amount repayable | £14899.00 |
Representative APR | 23.99% |
Representative Example | |
Borrowing | £9000 for 60 months |
Monthly repayment | £266.55 |
Total amount repayable | £16168.00 |
Representative APR | 28.99% |
Representative Example | |
Borrowing | £7500 for 60 months |
Monthly repayment | £242.50 |
Total amount repayable | £14725.00 |
Representative APR | 34.81% |
All figures are indicative only and are not binding on Mallard Finance. All credit applications are subject to status and Mallard credit approval. None of the details on this page constitute an offer of finance. Rates and finance advances offered will depend on individual circumstances and vehicle details.
Representative Example: Borrowing £7,000 over 48 months with a representative APR of 19.3% fixed, the amount payable would be £205 a month, with a total cost of credit of £2,831 and a total amount payable of £9,831.
This is an example only, lender fees may apply.
Company Registration Number: 09057514