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Representative Example for Hire Purchase (HP): Cash price £14,495.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £12,321.00, deposit of £2,174.00, an initial payment of £258.84, followed by 58 monthly payments of £258.84 with a final payment of £268.84, total amount payable is £17,714.40
Finance Representative
Product
HP
Cash Price
£35,995.00
Deposit
£7,199.00
Total Amount of Credit
£35,995.00
Total Amount Payable
£52,555.20
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
5.18%
Duration of Agreement
60
Initial Payment
£755.77
Monthly Payment
£755.77
x
58
Final Payment
£765.77
APR Representative
9.9%
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