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Typical Representative Finance Example
Product Hire Purchase | Cash Price £4,495.00 |
Total Deposit £449.50 | Total Amount of Credit £4,045.50 |
First Payment £86.61 | 58 Monthly Payments £86.61 |
Final Payment £96.61 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £1,161.10 | Total Amount Payable £5,656.10 |
Annual Fixed Interest Rate 5.69% | Representative APR 10.90% |
Product Hire Purchase | Cash Price £4,495.00 | Total Deposit £449.50 | Total Amount of Credit £4,045.50 | First Payment £86.61 |
58 Monthly Payments £86.61 | Final Payment £96.61 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £1,161.10 | Total Amount Payable £5,656.10 | Annual Fixed Interest Rate 5.69% | Representative APR 10.90% |
Product Hire Purchase | Cash Price £4,495.00 | Total Deposit £449.50 | Total Amount of Credit £4,045.50 | First Payment £86.61 | 58 Monthly Payments £86.61 | Final Payment £96.61 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 | Interest Charges £1,161.10 | Total Amount Payable £5,656.10 | Annual Fixed Interest Rate 5.69% | Representative APR 10.90% |