Representative Example
Product
Hire Purchase
Cash Price
£44,850.00
Deposit
£4,485.00
Total Amount of Credit
£40,365.00
Total Amount Payable
£52,664.69
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£741.21
Monthly Payment
£741.21
Final Payment
£4,448.60
APR Representative
6.9%