Representative Example
Product
Hire Purchase
Cash Price
£44,850.00
Deposit
£4,485.00
Total Amount of Credit
£40,365.00
Total Amount Payable
£53,291.34
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£684.34
Monthly Payment
£684.34
Final Payment
£8,430.58
APR Representative
6.9%