Representative Example
Product
Hire Purchase
Cash Price
£53,850.00
Deposit
£5,385.00
Total Amount of Credit
£48,465.00
Total Amount Payable
£65,358.35
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.9%
Duration of Agreement
60
Initial Payment
£854.36
Monthly Payment
£854.36
Final Payment
£9,566.11
APR Representative
7.9%