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Representative Example for Hire Purchase (HP): Cash price £6,000.00, Annual Interest Rate (fixed) 9.43% p.a., with a representative 9.9% APR, total amount of credit £5700, deposit of £300.00, an initial payment of £119.65, followed by 60 monthly payments of £119.65 with a final payment of £119.65, total amount payable is £7,479.00
- 2010
- 72,900
- Automatic
- 1.39 Ltr
- TBC KwH
- Silver
- Petrol
£4,495
- 2016
- 74,000
- Manual
- 1.39 Ltr
- TBC KwH
- Silver
- Petrol
£4,995
Finance Representative
Product
HP
Cash Price
£4,045.00
Deposit
£450.00
Total Amount Payable
£5,071.10
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£281.59
Monthly Payment
£132.59
x
34
Final Payment
£281.59
APR Representative
14.9%