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Representative Example for Hire Purchase (HP): Cash price £10,795.00, Annual Interest Rate (fixed) 6.81% p.a., with a representative 12.9% APR, total amount of credit £9,716.00, deposit of £1,079.00, an initial payment of £217.07, followed by 58 monthly payments of £217.07 with a final payment of £218.07, total amount payable is £14,104.20
- 2019
- 56,000
- Grey
- Fast charge: TBC mins
- Range: TBC miles
- 1 ltr
- Manual
- Petrol
Finance Representative
Product
HP
Cash Price
£8,395.00
Deposit
£839.00
Total Amount of Credit
£7,556.00
Total Amount Payable
£10,968.60
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
6.81%
Duration of Agreement
60
Initial Payment
£168.81
Monthly Payment
£168.81
x
58
Final Payment
£169.81
APR Representative
12.9%
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