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Representative Finance Example
Product
Hire Purchase
Cash Price
£11,999.00
Total Deposit
£1,199.90
Total Amount of Credit
£10,799.10
First Payment
£239.29
58 Monthly Payments
£239.29
Final Payment
£240.29
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,559.30
Total Amount Payable
£15,558.30
Annual Fixed Interest Rate
6.59%
Representative APR
12.50%
Product
Hire Purchase
Cash Price
£11,999.00
Total Deposit
£1,199.90
Total Amount of Credit
£10,799.10
First Payment
£239.29
58 Monthly Payments
£239.29
Final Payment
£240.29
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,559.30
Total Amount Payable
£15,558.30
Annual Fixed Interest Rate
6.59%
Representative APR
12.50%
Product
Hire Purchase
Cash Price
£11,999.00
Total Deposit
£1,199.90
Total Amount of Credit
£10,799.10
First Payment
£239.29
58 Monthly Payments
£239.29
Final Payment
£240.29
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,559.30
Total Amount Payable
£15,558.30
Annual Fixed Interest Rate
6.59%
Representative APR
12.50%