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Representative Example for Hire Purchase (HP): Cash price £9,995.00, Annual Interest Rate (fixed) 6.81% p.a., with a representative 12.9% APR, total amount of credit £8,996.00, deposit of £999.00, an initial payment of £200.99, followed by 58 monthly payments of £200.99 with a final payment of £201.99, total amount payable is £13,059.40
- 2018
- 49,000
- White
- Fast charge: TBC mins
- Range: TBC miles
- 2 ltr
- Automatic
- Petrol
Finance Representative
Product
HP
Cash Price
£12,695.00
Deposit
£1,269.00
Total Amount of Credit
£11,426.00
Total Amount Payable
£16,586.80
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
6.81%
Duration of Agreement
60
Initial Payment
£255.28
Monthly Payment
£255.28
x
58
Final Payment
£256.28
APR Representative
12.9%
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