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Representative Finance Example
Product
Hire Purchase
Cash Price
£7,495.00
Total Deposit
£749.50
Total Amount of Credit
£6,745.50
First Payment
£150.70
58 Monthly Payments
£150.70
Final Payment
£151.70
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£2,297.50
Total Amount Payable
£9,792.50
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£7,495.00
Total Deposit
£749.50
Total Amount of Credit
£6,745.50
First Payment
£150.70
58 Monthly Payments
£150.70
Final Payment
£151.70
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£2,297.50
Total Amount Payable
£9,792.50
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£7,495.00
Total Deposit
£749.50
Total Amount of Credit
£6,745.50
First Payment
£150.70
58 Monthly Payments
£150.70
Final Payment
£151.70
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£2,297.50
Total Amount Payable
£9,792.50
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%