Representative Example
Product
Hire Purchase
Cash Price
£42,850.00
Deposit
£4,285.00
Total Amount of Credit
£38,565.00
Total Amount Payable
£51,488.62
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.6%
Duration of Agreement
60
Initial Payment
£687.84
Monthly Payment
£687.84
Final Payment
£6,621.35
APR Representative
7.6%