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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%