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Representative Example for Hire Purchase (HP): Cash price £15,190.00, Annual Interest Rate (fixed) 12.19% p.a., with a representative 12.9% APR, total amount of credit £13,671.00, deposit of £1,519.00, an initial payment of £305.44, followed by 58 monthly payments of £305.44 with a final payment of £306.44, total amount payable is £19,846.40
- 2021
- 55,462
- Automatic
- Ltr
- Grey
- Electric
£8,390
Finance Representative
Product
HP
Cash Price
£8,390.00
Deposit
£839.00
Total Amount of Credit
£7,551.00
Total Amount Payable
£10,962.00
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
12.19%
Duration of Agreement
60
Initial Payment
£168.70
Monthly Payment
£168.70
x
58
Final Payment
£169.70
APR Representative
12.9%