Typical Representative Finance Example
Product Hire Purchase | Cash Price £12,495.00 |
Total Deposit £1,249.50 | Total Amount of Credit £11,245.50 |
First Payment £251.26 | 58 Monthly Payments £251.26 |
Final Payment £251.26 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £0.00 |
Interest Charges £3,830.10 | Total Amount Payable £16,325.10 |
Annual Fixed Interest Rate 12.90% | Representative APR 12.90% |
Product Hire Purchase | Cash Price £12,495.00 | Total Deposit £1,249.50 | Total Amount of Credit £11,245.50 | First Payment £251.26 |
58 Monthly Payments £251.26 | Final Payment £251.26 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £0.00 |
Interest Charges £3,830.10 | Total Amount Payable £16,325.10 | Annual Fixed Interest Rate 12.90% | Representative APR 12.90% |
Product Hire Purchase | Cash Price £12,495.00 | Total Deposit £1,249.50 | Total Amount of Credit £11,245.50 | First Payment £251.26 | 58 Monthly Payments £251.26 | Final Payment £251.26 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £0.00 | Interest Charges £3,830.10 | Total Amount Payable £16,325.10 | Annual Fixed Interest Rate 12.90% | Representative APR 12.90% |
