Representative Example
Product
Hire Purchase
Cash Price
£49,850.00
Deposit
£4,985.00
Total Amount of Credit
£44,865.00
Total Amount Payable
£58,460.42
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£830.67
Monthly Payment
£830.67
Final Payment
£4,465.89
APR Representative
6.9%