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Representative Example for Hire Purchase (HP): Cash price £16,490.00, Annual Interest Rate (fixed) 12.19% p.a., with a representative 12.9% APR, total amount of credit £14,841.00, deposit of £1,649.00, an initial payment of £331.58, followed by 58 monthly payments of £331.58 with a final payment of £332.58, total amount payable is £21,544.80
- 2020
- 33,643
- Manual
- 1 Ltr
- Red
- Petrol
£8,690
Finance Representative
Product
HP
Cash Price
£8,690.00
Deposit
£869.00
Total Amount of Credit
£7,821.00
Total Amount Payable
£11,353.80
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
12.19%
Duration of Agreement
60
Initial Payment
£174.73
Monthly Payment
£174.73
x
58
Final Payment
£175.73
APR Representative
12.9%
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