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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£13,495.00
Total Deposit
£1,349.50
Total Amount of Credit
£12,145.50
First Payment
£254.94
58 Monthly Payments
£254.94
Final Payment
£255.94
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,151.90
Total Amount Payable
£16,646.90
Annual Fixed Interest Rate
5.19%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£13,495.00
Total Deposit
£1,349.50
Total Amount of Credit
£12,145.50
First Payment
£254.94
58 Monthly Payments
£254.94
Final Payment
£255.94
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,151.90
Total Amount Payable
£16,646.90
Annual Fixed Interest Rate
5.19%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£13,495.00
Total Deposit
£1,349.50
Total Amount of Credit
£12,145.50
First Payment
£254.94
58 Monthly Payments
£254.94
Final Payment
£255.94
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,151.90
Total Amount Payable
£16,646.90
Annual Fixed Interest Rate
5.19%
Representative APR
9.90%