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Representative Example for Hire Purchase (HP): Cash price £16,540.00, Annual Interest Rate (fixed) 12.19% p.a., with a representative 12.9% APR, total amount of credit £14,886.00, deposit of £1,654.00, an initial payment of £332.59, followed by 58 monthly payments of £332.59 with a final payment of £333.59, total amount payable is £21,610.40
- 2020
- 23,462
- Automatic
- 1 Ltr
- Black
- Petrol
£11,840
Finance Representative
Product
HP
Cash Price
£11,840.00
Deposit
£1,184.00
Total Amount of Credit
£10,656.00
Total Amount Payable
£15,469.20
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
12.19%
Duration of Agreement
60
Initial Payment
£238.07
Monthly Payment
£238.07
x
58
Final Payment
£239.07
APR Representative
12.9%
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