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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£10,949.00
Total Deposit
£1,094.90
Total Amount of Credit
£9,854.10
First Payment
£215.70
58 Monthly Payments
£215.70
Final Payment
£216.70
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,088.90
Total Amount Payable
£14,037.90
Annual Fixed Interest Rate
11.90%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£10,949.00
Total Deposit
£1,094.90
Total Amount of Credit
£9,854.10
First Payment
£215.70
58 Monthly Payments
£215.70
Final Payment
£216.70
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,088.90
Total Amount Payable
£14,037.90
Annual Fixed Interest Rate
11.90%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£10,949.00
Total Deposit
£1,094.90
Total Amount of Credit
£9,854.10
First Payment
£215.70
58 Monthly Payments
£215.70
Final Payment
£216.70
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,088.90
Total Amount Payable
£14,037.90
Annual Fixed Interest Rate
11.90%
Representative APR
11.90%