Representative Example
Product
Hire Purchase
Cash Price
£150,000.00
Deposit
£15,000.00
Total Amount of Credit
£135,000
Total Amount Payable
£188,664.40
Administration Fee
£100.00
Option to Purchase Fee
£12.00
Fixed Rate
5.33%
Duration of Agreement
60
Initial Payment
£2,894.24
Monthly Payment
£2,994.24
Final Payment
£2,906.24
APR Representative
10.9%