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Representative Example for Hire Purchase (HP): Cash price £13,495.00, Annual Interest Rate (fixed) 4.1% p.a., with a representative 7.9% APR, total amount of credit £12,146.00, deposit of £1,349.00, an initial payment of £243.98, followed by 58 monthly payments of £243.98 with a final payment of £253.98, total amount payable is £15,997.80
Finance Representative
Product
HP
Cash Price
£15,895.00
Deposit
£1,589.00
Total Amount of Credit
£14,306.00
Total Amount Payable
£18,842.40
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
4.11%
Duration of Agreement
60
Initial Payment
£287.39
Monthly Payment
£287.39
x
58
Final Payment
£297.39
APR Representative
7.9%
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