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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£28,990.00
Total Deposit
£2,899.00
Total Amount of Credit
£26,091.00
First Payment
£580.52
58 Monthly Payments
£580.52
Final Payment
£580.52
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£8,740.20
Total Amount Payable
£37,730.20
Annual Fixed Interest Rate
6.70%
Representative APR
12.70%
Product
Hire Purchase
Cash Price
£28,990.00
Total Deposit
£2,899.00
Total Amount of Credit
£26,091.00
First Payment
£580.52
58 Monthly Payments
£580.52
Final Payment
£580.52
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£8,740.20
Total Amount Payable
£37,730.20
Annual Fixed Interest Rate
6.70%
Representative APR
12.70%
Product
Hire Purchase
Cash Price
£28,990.00
Total Deposit
£2,899.00
Total Amount of Credit
£26,091.00
First Payment
£580.52
58 Monthly Payments
£580.52
Final Payment
£580.52
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£8,740.20
Total Amount Payable
£37,730.20
Annual Fixed Interest Rate
6.70%
Representative APR
12.70%