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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
- 58,399
- Automatic
- 1.5 Ltr
- Black
- Diesel
Per month
£255.75 p/m*
£11,000
- 2017
- 107,590
- Automatic
- 1.6 Ltr
- White
- Diesel
Per month
£174.38 p/m*
£7,500
Finance Representative
Product
HP
Cash Price
£9,900.00
Deposit
£1,100.00
Total Amount Payable
£12,574.00
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£404.75
Monthly Payment
£255.75
x
46
Final Payment
£404.75
APR Representative
12.1%
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