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Representative Example for Hire Purchase (HP): Cash price £12,995.00, Annual Interest Rate (fixed) 4.1% p.a., with a representative 7.9% APR, total amount of credit £11,696.00, deposit of £1,299.00, an initial payment of £234.94, followed by 58 monthly payments of £234.94 with a final payment of £244.94, total amount payable is £15,405.40
Finance Representative
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PCP subject to an annual mileage, excess mileage fees may apply.
Product
PCP
Cash Price
£8,995.00
Deposit
£899.00
Total Amount of Credit
£8,096.00
Total Amount Payable
£11,603.40
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
5.89%
Duration of Agreement
49
Initial Payment
£163.55
Monthly Payment
£163.55
x
47
Final Payment
£2854.00
APR Representative
11.9%
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