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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
- 64,000
- Automatic
- 2 Ltr
- Grey
- Petrol
- 2018
- 40,000
- Automatic
- 2 Ltr
- Orange
- Petrol
Finance Representative
Product
HP
Cash Price
£22,455.00
Deposit
£2,495.00
Total Amount Payable
£29,489.50
Fixed Rate
6.00%
Duration of Agreement
60
Initial Payment
£635.52
Monthly Payment
£486.52
x
58
Final Payment
£635.52
APR Representative
11.2%
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