Representative Example for Hire Purchase (HP):
Cash price £19,995.00. Annual Interest Rate (fixed) 5.19% p.a., with a representative 9.9% APR. Total amount of credit £17,996.00. Deposit £1,999.00. An initial payment of £377.77, followed by 58 monthly payments of £377.77, with a final payment of £378.77. Total amount payable is £24,666.20.
Cash price £19,995.00. Annual Interest Rate (fixed) 5.19% p.a., with a representative 9.9% APR. Total amount of credit £17,996.00. Deposit £1,999.00. An initial payment of £377.77, followed by 58 monthly payments of £377.77, with a final payment of £378.77. Total amount payable is £24,666.20.
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