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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£14,990.00
Total Deposit
£1,499.00
Total Amount of Credit
£13,491.00
First Payment
£295.34
58 Monthly Payments
£295.34
Final Payment
£296.34
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,230.40
Total Amount Payable
£19,220.40
Annual Fixed Interest Rate
6.27%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£14,990.00
Total Deposit
£1,499.00
Total Amount of Credit
£13,491.00
First Payment
£295.34
58 Monthly Payments
£295.34
Final Payment
£296.34
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,230.40
Total Amount Payable
£19,220.40
Annual Fixed Interest Rate
6.27%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£14,990.00
Total Deposit
£1,499.00
Total Amount of Credit
£13,491.00
First Payment
£295.34
58 Monthly Payments
£295.34
Final Payment
£296.34
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,230.40
Total Amount Payable
£19,220.40
Annual Fixed Interest Rate
6.27%
Representative APR
11.90%
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