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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£3,975.00
Total Deposit
£397.50
Total Amount of Credit
£3,577.50
First Payment
£80.90
57 Monthly Payments
£80.90
Final Payment
£80.90
Agreement Duration
59 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,196.60
Total Amount Payable
£5,171.60
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£3,975.00
Total Deposit
£397.50
Total Amount of Credit
£3,577.50
First Payment
£80.90
57 Monthly Payments
£80.90
Final Payment
£80.90
Agreement Duration
59 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,196.60
Total Amount Payable
£5,171.60
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%
Product
Hire Purchase
Cash Price
£3,975.00
Total Deposit
£397.50
Total Amount of Credit
£3,577.50
First Payment
£80.90
57 Monthly Payments
£80.90
Final Payment
£80.90
Agreement Duration
59 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,196.60
Total Amount Payable
£5,171.60
Annual Fixed Interest Rate
12.90%
Representative APR
12.90%
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