Representative Example
Product
Hire Purchase
Cash Price
£56,850.00
Deposit
£5,685.00
Total Amount of Credit
£51,165.00
Total Amount Payable
£68,503.15
Administration Fee
£0.00
Option to Purchase Fee
£0.00
Fixed Rate
7.6%
Duration of Agreement
60
Initial Payment
£896.85
Monthly Payment
£896.85
Final Payment
£9,904.00
APR Representative
7.6%