Representative Example
Product
Hire Purchase
Cash Price
£118,350.00
Deposit
£24,767.50
Total Amount of Credit
£93,582.50
Total Amount Payable
£138,321.65
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£1,550.20
Monthly Payment
£1,550.20
Final Payment
£22,092.21
APR Representative
6.9%