Representative Example
Product
Hire Purchase
Cash Price
£11,850.00
Deposit
£1,185.00
Total Amount of Credit
£10,665.00
Total Amount Payable
£14,418.77
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.9%
Duration of Agreement
60
Initial Payment
£185.18
Monthly Payment
£185.18
Final Payment
£2,308.15
APR Representative
7.9%