Representative Example
Product
Hire Purchase
Cash Price
£42,850.00
Deposit
£4,285.00
Total Amount of Credit
£38,565.00
Total Amount Payable
£50,708.39
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£672.56
Monthly Payment
£672.56
Final Payment
£6,742.64
APR Representative
6.9%