Representative Example
Product
Hire Purchase
Cash Price
£49,850.00
Deposit
£4,985.00
Total Amount of Credit
£44,865.00
Total Amount Payable
£60,452.23
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.9%
Duration of Agreement
60
Initial Payment
£794.92
Monthly Payment
£794.92
Final Payment
£8,566.95
APR Representative
7.9%