Representative Example
Product
Hire Purchase
Cash Price
£44,850.00
Deposit
£4,485.00
Total Amount of Credit
£40,365.00
Total Amount Payable
£54,533.59
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.9%
Duration of Agreement
60
Initial Payment
£703.85
Monthly Payment
£703.85
Final Payment
£8,521.73
APR Representative
7.9%