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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£6,995.00
Total Deposit
£699.50
Total Amount of Credit
£6,295.50
First Payment
£137.81
58 Monthly Payments
£137.81
Final Payment
£137.81
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,973.10
Total Amount Payable
£8,968.10
Annual Fixed Interest Rate
11.90%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£6,995.00
Total Deposit
£699.50
Total Amount of Credit
£6,295.50
First Payment
£137.81
58 Monthly Payments
£137.81
Final Payment
£137.81
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,973.10
Total Amount Payable
£8,968.10
Annual Fixed Interest Rate
11.90%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£6,995.00
Total Deposit
£699.50
Total Amount of Credit
£6,295.50
First Payment
£137.81
58 Monthly Payments
£137.81
Final Payment
£137.81
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,973.10
Total Amount Payable
£8,968.10
Annual Fixed Interest Rate
11.90%
Representative APR
11.90%