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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
- 29,000
- Blue
- Fast charge: TBC mins
- Range: TBC miles
- 1 ltr
- Manual
- Petrol
- 2020
- 25,000
- Blue
- Fast charge: TBC mins
- Range: TBC miles
- 1 ltr
- Manual
- Petrol
DEPOSIT TAKEN
Finance Representative
Product
HP
Cash Price
£11,295.00
Deposit
£1,129.00
Total Amount of Credit
£10,166.00
Total Amount Payable
£14,757.80
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
6.81%
Duration of Agreement
60
Initial Payment
£227.13
Monthly Payment
£227.13
x
58
Final Payment
£228.13
APR Representative
12.9%