Representative Example
Product
Hire Purchase
Cash Price
£16,850.00
Deposit
£1,685.00
Total Amount of Credit
£15,165.00
Total Amount Payable
£19,993.95
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£259.57
Monthly Payment
£259.57
Final Payment
£2,994.61
APR Representative
6.9%