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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
- 2017
- 60,000 miles
- 2 ltr
- White
- Diesel
- Manual
£9,995
From £232.37 p/m*
- 2013
- 114,000 miles
- 1.60 ltr
- Silver
- Diesel
- Manual
£4,995
From £147.34 p/m*
Finance Representative
Product
HP
Cash Price
£8,995.00
Deposit
£1,000.00
Total Amount Payable
£11,451.80
Fixed Rate
6.00%
Duration of Agreement
48
Initial Payment
£381.37
Monthly Payment
£232.37
x
46
Final Payment
£381.37
APR Representative
12.2%
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