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Representative Example for Hire Purchase (HP): Cash price £10,395.00, Annual Interest Rate (fixed) 6.81% p.a., with a representative 12.9% APR, total amount of credit £9,356.00, deposit of £1,039.00, an initial payment of £209.03, followed by 58 monthly payments of £209.03 with a final payment of £210.03, total amount payable is £13,581.80
- 2018
- 36,000
- Blue
- Fast charge: TBC mins
- Range: TBC miles
- 1.5 ltr
- Manual
- Petrol
- 2019
- 33,000
- Blue
- Fast charge: TBC mins
- Range: TBC miles
- 1.3 ltr
- Manual
- Petrol
Finance Representative
Product
HP
Cash Price
£12,995.00
Deposit
£1,299.00
Total Amount of Credit
£11,696.00
Total Amount Payable
£16,978.60
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
6.81%
Duration of Agreement
60
Initial Payment
£261.31
Monthly Payment
£261.31
x
58
Final Payment
£262.31
APR Representative
12.9%
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