A motor company had an advertisement as shown below:

EASY TERMS ON SALOON CARS

MADE IN JAPAN

CASH VALUE:                   SHS. 48.5 MILLION

CASH DISCOUNT:           8% OF THE CASH VALUE

HIRE PURCHASE:            DEPOSIT 60% OF CASH VALUE AND PAY 7

 MILLION PER MONTH FOR 3 MONTHS

Calculate the saving Chris would make if he bought the vehicle by paying each rather than by hire purchase.