Representative Example
Product
Hire Purchase
Cash Price
£19,850.00
Deposit
£1,985.00
Total Amount of Credit
£17,865.00
Total Amount Payable
£23,430.27
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£317.03
Monthly Payment
£317.03
Final Payment
£2,740.50
APR Representative
6.9%