Group News - June 2020

Facts About Car Depreciation

Facts About Car Depreciation
23Posted: 23rd Jun 2020

Facts about depreciation: 1. Cars values are lower in March and September when new registrations are added. 2. Cars typically depreciate between 15%and 35% in the first year and anything up to 50% by the third year. 3. Leather increases your car’s value by up to 15% 4. Sat Nav increases your car’s value by approximately 10% 5. Full Service History increases your car’s value by up to 25...

Representative Finance Example
APR Representative 13.9%
Cash Price £5,995
Deposit £0
1st Monthly Payment £136.55
58 Monthly Payment £136.55
Final Monthly Payment £146.55
Amount of Credit £5,995
Total Amount Payable £8,203.00
Total Charge for Credit £2,198
Duration 60 Months

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