1.8 Icon Hybrid
Active Specification:
FlexiBuy
(No Balloon Payment)
Under this agreement if you make all the payments due then you will own the car outright at the end
48 Months
| FlexiBuy (48 months) Including servicing | You own the car in full once you have paid for 48 months |
| Deposit (non-refundable) | £500 |
| Weekly Payment | £192 |
FlexiBuy Example
| New TOYOTA AURIS TOURING SPORT 1.8 Hybrid Active 5dr CVT | |
| Deposit | £500 |
| Weekly Payment | £192 |
| Term | 208 Weeks |
| Annual Interest Rate | 25% |
| APR | 28.33% |
| 1. Total Cash Price of the Vehicle | £20,000 |
|---|---|
| 2. Delivery | £0 |
| 3. VAT on the Vehicle | £4,000 |
| 4. Vehicle Servicing Fee | £2,704 |
| 5. Total (1+2+3+4) | £26,704 |
| 6. Total Deposit (non-refundable) | £500 |
| 7. Amount of Credit | £26,204 |
| 8. Total Charge for Credit (The Total Charge for Credit has been calculated by applying the Rate of Interest (per annum) to the Amount of Credit (6)) | £13,728.43 |
| 9. Documentation and Administration Fee | £0 |
| 10. Option to Purchase Fee (payable only if you wish to purchase the Vehicle at the end of this Agreement) | £0 |
| 11. Balance of Amount Payable | £39,932 |
| 12. Total Amount Payable (5+6+7+8+9+10) | £40,432 |
Representative APR 28.33%
This an Unregulated Hire Purchase agreement under the Business Use Exemption. This agreement is to be entered into wholly or predominantly for the purposes of business. This agreement will not have the benefit of the protection and remedies available under the Financial Services and Markets Act 2000 or under the Consumer Credit Act 1974.
The prices above are based on an agreement over a period of 36-48 months. Once you have made all the payments due under this agreement you will own the vehicle. This agreement has an annual mileage allowance of 40,000, excess miles will be charged at 8p/mile only in the event that you cancel this agreement. You have Flexible Termination Rights under this contract where you can cancel the agreement with 4 weeks notice at any time, termination fees apply from £99-£399..
Credit is subject to status. We will conduct a credit check and affordability assessment to ensure you meet our criteria. We reserve the right to refuse applications that do not meet our criteria. WeFlex is a responsible lender and so will ensure we make sure you can afford your payments with us prior to agreeing to give you a lease / finance agreement. Prices correct at time of going to press but subject to change. Availability of vehicles may vary.
Termination Fees
You have Flexible Termination Rights under both these contracts where you can cancel the agreement with 4 weeks notice at any time. Termination fees are as follows:
| Time elapsed from the commencement date | Termination Fee |
|---|---|
| 0-3 months | £399 |
| 3-6 months | £299 |
| 6-12 months | £199 |
| 12 months onwards | £99 |
