Representative Example
Product
Hire Purchase
Cash Price
£50,350.00
Deposit
£5,018.33
Total Amount of Credit
£45,165.00
Total Amount Payable
£58,663.05
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£853.30
Monthly Payment
£853.30
Final Payment
£3,299.82
APR Representative
6.9%