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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£27,495.00
Total Deposit
£5,499.00
Total Amount of Credit
£21,996.00
First Payment
£491.24
58 Monthly Payments
£491.24
Final Payment
£501.24
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£7,488.40
Total Amount Payable
£34,983.40
Annual Fixed Interest Rate
6.80%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£27,495.00
Total Deposit
£5,499.00
Total Amount of Credit
£21,996.00
First Payment
£491.24
58 Monthly Payments
£491.24
Final Payment
£501.24
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£7,488.40
Total Amount Payable
£34,983.40
Annual Fixed Interest Rate
6.80%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£27,495.00
Total Deposit
£5,499.00
Total Amount of Credit
£21,996.00
First Payment
£491.24
58 Monthly Payments
£491.24
Final Payment
£501.24
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£7,488.40
Total Amount Payable
£34,983.40
Annual Fixed Interest Rate
6.80%
Representative APR
12.90%