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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
- 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
- 2012
- 60,000
- Automatic
- 1.2 Ltr
- Yellow
- Petrol
- 2016
- 48,000
- Manual
- 1.60 Ltr
- White
- Diesel
- 2016
- 76,000
- Manual
- 2 Ltr
- White
- Diesel
Finance Representative
Product
HP
Cash Price
£6,750.00
Deposit
£750.00
Total Amount Payable
£8,263.00
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£370.25
Monthly Payment
£221.25
x
34
Final Payment
£370.25
APR Representative
13.3%
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