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Representative Example for Hire Purchase (HP): Cash price £10,495.00, Annual Interest Rate (fixed) 6.81% p.a., with a representative 12.9% APR, total amount of credit £9,446.00, deposit of £1,049.00, an initial payment of £211.04, followed by 58 monthly payments of £211.04 with a final payment of £212.04, total amount payable is £13,712.40
- 2016
- 51,000
- White
- Fast charge: TBC mins
- Range: TBC miles
- 1.4 ltr
- Manual
- Petrol
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%
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