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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£10,490.00
Total Deposit
£1,049.00
Total Amount of Credit
£9,441.00
First Payment
£198.17
58 Monthly Payments
£198.17
Final Payment
£198.17
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£2,449.20
Total Amount Payable
£12,939.20
Annual Fixed Interest Rate
5.19%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£10,490.00
Total Deposit
£1,049.00
Total Amount of Credit
£9,441.00
First Payment
£198.17
58 Monthly Payments
£198.17
Final Payment
£198.17
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£2,449.20
Total Amount Payable
£12,939.20
Annual Fixed Interest Rate
5.19%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£10,490.00
Total Deposit
£1,049.00
Total Amount of Credit
£9,441.00
First Payment
£198.17
58 Monthly Payments
£198.17
Final Payment
£198.17
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£2,449.20
Total Amount Payable
£12,939.20
Annual Fixed Interest Rate
5.19%
Representative APR
9.90%