Representative Example
Product
Hire Purchase
Cash Price
£15,850.00
Deposit
£1,585.00
Total Amount of Credit
£14,265.00
Total Amount Payable
£18,772.37
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
6.9%
Duration of Agreement
60
Initial Payment
£247.36
Monthly Payment
£247.36
Final Payment
£2,592.98
APR Representative
6.9%