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VW Finance - Hire Purchase Rate of Interest


Paddywack41
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I dont think this is a problem but I would be interested if someone could perhaps explain this to me.

 

I took out a VW Finance HP Agreement for a car in 2010 over 5 years and have been paying this off absolutely fine for the last 4 years.

 

When I received my annual statement the first page showed:

 

  • Start of Agreement
  • Duration of Agreement
  • Amount of Credit
  • Rate of Interest (Fixed)

Screen shot attached.

 

It is this last point which has me puzzled as the rate of interest is shown as 0.00% which i find as strange as I am obviously paying interest on my HP finance.

Any ideas?

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