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Representative Example for Hire Purchase (HP): Cash price £12,750.00, Annual Interest Rate (fixed) 5.66% p.a., with a representative 10.9% APR, total amount of credit £12,113.00, deposit of £637.00, an initial payment of £309.49, followed by 46 monthly payments of £309.49 with a final payment of £309.49, total amount payable is £15,492.52
Finance Representative
Product
HP
Cash Price
£7,641.00
Deposit
£849.00
Total Amount Payable
£9,772.84
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£346.39
Monthly Payment
£197.39
x
46
Final Payment
£346.39
APR Representative
12.4%
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