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Typical Representative Finance Example
Product Hire Purchase | Cash Price £28,990.00 |
Total Deposit £2,899.00 | Total Amount of Credit £26,091.00 |
First Payment £580.52 | 58 Monthly Payments £580.52 |
Final Payment £580.52 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £0.00 |
Interest Charges £8,740.20 | Total Amount Payable £37,730.20 |
Annual Fixed Interest Rate 6.70% | Representative APR 12.70% |
Product Hire Purchase | Cash Price £28,990.00 | Total Deposit £2,899.00 | Total Amount of Credit £26,091.00 | First Payment £580.52 |
58 Monthly Payments £580.52 | Final Payment £580.52 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £0.00 |
Interest Charges £8,740.20 | Total Amount Payable £37,730.20 | Annual Fixed Interest Rate 6.70% | Representative APR 12.70% |
Product Hire Purchase | Cash Price £28,990.00 | Total Deposit £2,899.00 | Total Amount of Credit £26,091.00 | First Payment £580.52 | 58 Monthly Payments £580.52 | Final Payment £580.52 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £0.00 | Interest Charges £8,740.20 | Total Amount Payable £37,730.20 | Annual Fixed Interest Rate 6.70% | Representative APR 12.70% |