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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
Finance Representative
Product
HP
Cash Price
£5,395.00
Deposit
£600.00
Total Amount Payable
£6,987.80
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£288.37
Monthly Payment
£139.37
x
46
Final Payment
£288.37
APR Representative
13.1%
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