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Representative Example for Hire Purchase (HP): Cash price £12,995.00, Annual Interest Rate (fixed) 5.19% p.a., with a representative 9.9% APR, total amount of credit £11,696.00, deposit of £1,299.00, an initial payment of £245.51, followed by 58 monthly payments of £245.51 with a final payment of £245.51, total amount payable is £16,029.60
Finance Representative
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PCP subject to an annual mileage, excess mileage fees may apply.
Product
PCP
Cash Price
£10,595.00
Deposit
£1,059.00
Total Amount of Credit
£9,536.00
Total Amount Payable
£14,039.89
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
5.77%
Duration of Agreement
48
Initial Payment
£159.87
Monthly Payment
£159.87
x
46
Final Payment
£5467.00
APR Representative
11.9%