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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£4,495.00
Total Deposit
£449.50
Total Amount of Credit
£4,045.50
First Payment
£86.73
58 Monthly Payments
£86.73
Final Payment
£86.73
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,158.30
Total Amount Payable
£5,653.30
Annual Fixed Interest Rate
10.90%
Representative APR
10.90%
Product
Hire Purchase
Cash Price
£4,495.00
Total Deposit
£449.50
Total Amount of Credit
£4,045.50
First Payment
£86.73
58 Monthly Payments
£86.73
Final Payment
£86.73
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,158.30
Total Amount Payable
£5,653.30
Annual Fixed Interest Rate
10.90%
Representative APR
10.90%
Product
Hire Purchase
Cash Price
£4,495.00
Total Deposit
£449.50
Total Amount of Credit
£4,045.50
First Payment
£86.73
58 Monthly Payments
£86.73
Final Payment
£86.73
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,158.30
Total Amount Payable
£5,653.30
Annual Fixed Interest Rate
10.90%
Representative APR
10.90%
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