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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
- 2009
- 76,895
- Automatic
- 2.4 Ltr
- TBC KwH
- Silver
- Hybrid
£8,995
- 2011
- 62,000
- Automatic
- 2.4 Ltr
- TBC KwH
- White
- Petrol
£8,495
Finance Representative
Product
HP
Cash Price
£8,095.00
Deposit
£900.00
Total Amount Payable
£9,850.10
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£414.34
Monthly Payment
£265.34
x
34
Final Payment
£414.34
APR Representative
12.8%