Representative Example
Product
Hire Purchase
Cash Price
£16,850.00
Deposit
£1,685.00
Total Amount of Credit
£15,165.00
Total Amount Payable
£20,301.45
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.6%
Duration of Agreement
60
Initial Payment
£266.01
Monthly Payment
£266.01
Final Payment
£2,921.86
APR Representative
7.6%