Representative Example
Product
Hire Purchase
Cash Price
£39,850.00
Deposit
£3,985.00
Total Amount of Credit
£35,865.00
Total Amount Payable
£47,958.85
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.6%
Duration of Agreement
60
Initial Payment
£633.55
Monthly Payment
£633.55
Final Payment
£6,594.40
APR Representative
7.6%