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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£11,995.00
Total Deposit
£495.00
Total Amount of Credit
£11,500.00
First Payment
£241.38
58 Monthly Payments
£241.38
Final Payment
£242.38
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£2,983.80
Total Amount Payable
£14,978.80
Annual Fixed Interest Rate
9.90%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£11,995.00
Total Deposit
£495.00
Total Amount of Credit
£11,500.00
First Payment
£241.38
58 Monthly Payments
£241.38
Final Payment
£242.38
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£2,983.80
Total Amount Payable
£14,978.80
Annual Fixed Interest Rate
9.90%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£11,995.00
Total Deposit
£495.00
Total Amount of Credit
£11,500.00
First Payment
£241.38
58 Monthly Payments
£241.38
Final Payment
£242.38
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£2,983.80
Total Amount Payable
£14,978.80
Annual Fixed Interest Rate
9.90%
Representative APR
9.90%
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