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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
- 2023
- 4,500
- Automatic
- 5 Ltr
- Blue
- Petrol
- 2016
- 54,000
- Manual
- 2.29 Ltr
- Green
- Petrol
Finance Representative
Product
HP
Cash Price
£44,955.00
Deposit
£4,995.00
Total Amount Payable
£58,739.50
Fixed Rate
6.00%
Duration of Agreement
60
Initial Payment
£1123.02
Monthly Payment
£974.02
x
58
Final Payment
£1123.02
APR Representative
11.0%
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