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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
- 2012
- 80,000
- Manual
- 1.3 Ltr
- Blue
- Petrol
£94.24 p/m*HP
£3,195
Finance Representative
Product
HP
Cash Price
£2,875.00
Deposit
£320.00
Total Amount Payable
£3,690.50
Fixed Rate
6.00%
Duration of Agreement
36
Initial Payment
£243.24
Monthly Payment
£94.24
x
34
Final Payment
£243.24
APR Representative
16.6%
