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Representative Example for Hire Purchase (HP): Cash price £34,995.00, Annual Interest Rate (fixed) 4.75% p.a., with a representative 8.9% APR, total amount of credit £31,496.00, deposit of £3,499.00, an initial payment of £651.64, followed by 61 monthly payments of £651.64 with a final payment of £652.64, total amount payable is £42,598.40
Liskeard
Tavistock
Liskeard
Tavistock
Finance Representative
Product
HP
Cash Price
£34,995.00
Deposit
£3,499.00
Total Amount of Credit
£31,496.00
Total Amount Payable
£42,598.40
Administration Fee
£0.00
Option to Purchase Fee
£1.00
Fixed Rate
4.75%
Duration of Agreement
61
Initial Payment
£651.64
Monthly Payment
£651.64
x
59
Final Payment
£652.64
APR Representative
8.9%