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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
- 2018
- 63,200
- Automatic
- 2.1 Ltr
- Black
- Diesel
Per month
£395.25 p/m*HP
£17,000
Finance Representative
Product
HP
Cash Price
£15,300.00
Deposit
£1,700.00
Total Amount Payable
£19,270.00
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£544.25
Monthly Payment
£395.25
x
46
Final Payment
£544.25
APR Representative
11.6%