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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£16,490.00
Total Deposit
£1,649.00
Total Amount of Credit
£14,841.00
First Payment
£318.06
58 Monthly Payments
£318.06
Final Payment
£328.06
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£4,252.60
Total Amount Payable
£20,742.60
Annual Fixed Interest Rate
10.90%
Representative APR
10.90%
Product
Hire Purchase
Cash Price
£16,490.00
Total Deposit
£1,649.00
Total Amount of Credit
£14,841.00
First Payment
£318.06
58 Monthly Payments
£318.06
Final Payment
£328.06
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£4,252.60
Total Amount Payable
£20,742.60
Annual Fixed Interest Rate
10.90%
Representative APR
10.90%
Product
Hire Purchase
Cash Price
£16,490.00
Total Deposit
£1,649.00
Total Amount of Credit
£14,841.00
First Payment
£318.06
58 Monthly Payments
£318.06
Final Payment
£328.06
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£4,252.60
Total Amount Payable
£20,742.60
Annual Fixed Interest Rate
10.90%
Representative APR
10.90%