Representative Finance Example
The New Kia Optima Sportswagon 1.7 CRDi 139bhp 2 ISG
|35 Monthly Payments||£180|
|Miles Per Annum||6,000|
|Excess Mileage Charge||9p|
Personal Contract Purchase (Finance)
Personal Contract Purchase (PCP) offer for Retail customers only. Not for Business Users. 4.9% Representative APR shown available on new Optima Sportswagon models only registered and proposed for finance through Kia Motors Financial Services. This promotion cannot be used together with other manufacturers promotions and is subject to availability. Prices shown are for new vehicles while stocks last. All details are correct at time of publication and are subject to change without notice. Offer may be varied, withdrawn or extended at any time.
At the end of the personal contract there are 3 options available:
(1) Part exchange the vehicle, where equity is available;
(2) Pay the GFV or Optional Final Payment (The Optional Final Payment refers to the final payment of the agreement which will render the user able and authorised to take legal ownership of the vehicle. Guaranteed Future Value is the lowest amount that your car is guaranteed to be worth at the end of a contract purchase deal and will usually be the same as the deferred amount on the finance) to own the vehicle. At the start of your agreement, we set the GFV/Optional Final Payment for your vehicle based upon our estimate of the minimum value of your car at the end of your agreement. At the start of your agreement, we ask you to estimate your annual mileage and we ask during the term of your agreement that you meet our manufacturer maintenance/fair wear and tear standards;
or (3) return the vehicle (a charge of 9p per mile including VAT for any excess mileage over 10,000 miles in this example will apply) subject to it being in good condition. In the event that you choose to return your vehicle to us at the end of the agreement, there will be nothing further to pay (subject to your vehicle meeting our fair wear and tear standards, is within the agreed mileage and your account is up-to-date). If you choose option 1 or 2 at the end of the agreement, you'll need to pay the Optional Final Payment plus the option to purchase fee. Optional final payment and option to purchase fee not payable if you opt to return the vehicle at the end of the agreement (vehicle condition, excess mileage and other charges may be payable).
Failure to make payments may affect credit rating. Other finance offers are available but cannot be used in conjunction with this offer. Indemnities may be required. Finance is subject to status and only available to applicants aged 18 and over resident in Mainland UK and N.Ireland.
On the road cash price is based on manufacturer's recommended retail price and includes 3 year warranty, 12 months' road fund licence, vehicle first registration fee, delivery, and VAT.
Finance Deposit Allowance is the amount contributed to the Customer deposit from the Dealer / Manufacturer / Finance provider that is added onto the Customer deposit amount. This therefore reduces the total amount payable and Monthly repayments for the Customer.
Deposit is the amount the customer is to pay in advance of agreement commencing.
Amount of credit is the balance that is to be paid by the credit facility.
Repayment balance is the amount of credit totaled with the total charge for credit.
Total amount payable is the sum of the deposit, repayment balance and the optional final payment.
APR representative refers to the annual rate that is charged for borrowing, expressed as a percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction.
Fixed interest rate is an interest rate on a loan, that remains fixed for the term of the loan.
Charles Hurst Limited and Charles Hurst Motors Limited are the advertisers and will act as introducing brokers on behalf of the lender who may pay us for introducing you.
Offer Ends 30th June 2018