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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
- 2016
- 75,000
- Automatic
- 1.5 Ltr
- TBC KwH
- Red
- Petrol
£8,995
Finance Representative
Product
HP
Cash Price
£8,095.00
Deposit
£900.00
Total Amount Payable
£10,335.80
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£358.12
Monthly Payment
£209.12
x
46
Final Payment
£358.12
APR Representative
12.3%
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