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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£33,940.00
Total Deposit
£3,394.00
Total Amount of Credit
£30,546.00
First Payment
£682.49
58 Monthly Payments
£682.49
Final Payment
£682.49
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£10,403.40
Total Amount Payable
£44,343.40
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£33,940.00
Total Deposit
£3,394.00
Total Amount of Credit
£30,546.00
First Payment
£682.49
58 Monthly Payments
£682.49
Final Payment
£682.49
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£10,403.40
Total Amount Payable
£44,343.40
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£33,940.00
Total Deposit
£3,394.00
Total Amount of Credit
£30,546.00
First Payment
£682.49
58 Monthly Payments
£682.49
Final Payment
£682.49
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£10,403.40
Total Amount Payable
£44,343.40
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%