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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
- 2001
- 58,300
- Manual
- 1.8 Ltr
- Red
- Petrol
Finance Representative
Product
HP
Cash Price
£4,491.00
Deposit
£499.00
Total Amount Payable
£5,597.38
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£296.21
Monthly Payment
£147.21
x
34
Final Payment
£296.21
APR Representative
14.5%