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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
- 2013
- 97,000
- Automatic
- 3 Ltr
- White
- Diesel
Per month
£442.50 p/m*HP
£15,000
- 2015
- 109,500
- Automatic
- 3 Ltr
- Grey
- Diesel
Per month
£442.50 p/m*HP
£15,000
- 2017
- 122,648
- Automatic
- 3 Ltr
- Black
- Petrol
Per month
SOLDHP
SOLD
Finance Representative
Product
HP
Cash Price
£13,500.00
Deposit
£1,500.00
Total Amount Payable
£16,228.00
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£591.50
Monthly Payment
£442.50
x
34
Final Payment
£591.50
APR Representative
12.0%
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