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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
- 15,349
- Automatic
- 1.2 Ltr
- Red
- Petrol
Per month
£295.00 p/m*HP
£10,000
Finance Representative
Product
HP
Cash Price
£9,000.00
Deposit
£1,000.00
Total Amount Payable
£10,918.00
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£444.00
Monthly Payment
£295.00
x
34
Final Payment
£444.00
APR Representative
12.6%