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Representative Finance Example
Product
Hire Purchase
Cash Price
£9,990.00
Total Deposit
£999.00
Total Amount of Credit
£8,991.00
First Payment
£200.05
58 Monthly Payments
£200.05
Final Payment
£200.05
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£3,012.00
Total Amount Payable
£13,002.00
Annual Fixed Interest Rate
6.70%
Representative APR
12.70%
Product
Hire Purchase
Cash Price
£9,990.00
Total Deposit
£999.00
Total Amount of Credit
£8,991.00
First Payment
£200.05
58 Monthly Payments
£200.05
Final Payment
£200.05
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£3,012.00
Total Amount Payable
£13,002.00
Annual Fixed Interest Rate
6.70%
Representative APR
12.70%
Product
Hire Purchase
Cash Price
£9,990.00
Total Deposit
£999.00
Total Amount of Credit
£8,991.00
First Payment
£200.05
58 Monthly Payments
£200.05
Final Payment
£200.05
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£3,012.00
Total Amount Payable
£13,002.00
Annual Fixed Interest Rate
6.70%
Representative APR
12.70%