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Representative Example for Hire Purchase (HP): Cash price £6,000.00, Annual Interest Rate (fixed) 9.43% p.a., with a representative 9.9% APR, total amount of credit £5700, deposit of £300.00, an initial payment of £119.65, followed by 60 monthly payments of £119.65 with a final payment of £119.65, total amount payable is £7,479.00
- 2020
- 69,000
- Manual
- 1.5 Ltr
- Blue
- Petrol
- 2018
- 48,000
- Automatic
- 1.5 Ltr
- Green
- Petrol
DEPOSIT TAKEN
- 2017
- 40,000
- Manual
- 1.39 Ltr
- White
- Petrol
- 2022
- 22,000
- Automatic
- 1.2 Ltr
- Grey
- Petrol
- 2016
- 48,000
- Manual
- 1.60 Ltr
- White
- Diesel
Finance Representative
Product
HP
Cash Price
£9,855.00
Deposit
£1,095.00
Total Amount Payable
£13,109.50
Fixed Rate
6.00%
Duration of Agreement
60
Initial Payment
£362.53
Monthly Payment
£213.53
x
58
Final Payment
£362.53
APR Representative
11.8%