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Representative Example for Hire Purchase (HP): Cash price £15,395.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £15,395.00, deposit of £0.00, an initial payment of £323.36, followed by 58 monthly payments of £323.36 with a final payment of £333.36, total amount payable is £19,411.60
Finance Representative
Product
HP
Cash Price
£8,495.00
Deposit
£0.00
Total Amount of Credit
£8,495.00
Total Amount Payable
£10,721.80
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
5.17%
Duration of Agreement
60
Initial Payment
£178.53
Monthly Payment
£178.53
x
58
Final Payment
£188.53
APR Representative
9.9%
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