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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
- 2015
- 60,145
- Automatic
- 1.6 Ltr
- Black
- Diesel
Per month
£265.50 p/m*HP
£9,000
- 2017
- 75,300
- Manual
- 1.5 Ltr
- Blue
- Diesel
Per month
SOLDHP
SOLD
Finance Representative
Product
HP
Cash Price
£8,100.00
Deposit
£900.00
Total Amount Payable
£9,856.00
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£414.50
Monthly Payment
£265.50
x
34
Final Payment
£414.50
APR Representative
12.8%
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