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Representative Example for Hire Purchase (HP): Cash price £11,900.00, Annual Interest Rate (fixed) 5.66% p.a., with a representative 10.9% APR, total amount of credit £11,305.00, deposit of £595.00, an initial payment of £288.85, followed by 46 monthly payments of £288.85 with a final payment of £288.85, total amount payable is £14,459.80
Finance Representative
Product
HP
Cash Price
£19,341.00
Deposit
£2,149.00
Total Amount Payable
£24,280.84
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£648.64
Monthly Payment
£499.64
x
46
Final Payment
£648.64
APR Representative
11.4%
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