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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
- 2017
- 87,000
- Automatic
- 3.20 Ltr
- White
- Diesel
Per month
£342.94 p/m*HP
£14,750
- 2016
- 100,000
- Automatic
- 3.2 Ltr
- Black
- Diesel
Per month
£313.88 p/m*HP
£13,500
Finance Representative
Product
HP
Cash Price
£13,275.00
Deposit
£1,475.00
Total Amount Payable
£16,759.00
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£491.94
Monthly Payment
£342.94
x
46
Final Payment
£491.94
APR Representative
11.7%
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