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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£19,495.00
Total Deposit
£1,949.50
Total Amount of Credit
£17,545.50
First Payment
£384.08
58 Monthly Payments
£384.08
Final Payment
£384.08
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£5,499.30
Total Amount Payable
£24,994.30
Annual Fixed Interest Rate
6.27%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£19,495.00
Total Deposit
£1,949.50
Total Amount of Credit
£17,545.50
First Payment
£384.08
58 Monthly Payments
£384.08
Final Payment
£384.08
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£5,499.30
Total Amount Payable
£24,994.30
Annual Fixed Interest Rate
6.27%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£19,495.00
Total Deposit
£1,949.50
Total Amount of Credit
£17,545.50
First Payment
£384.08
58 Monthly Payments
£384.08
Final Payment
£384.08
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£5,499.30
Total Amount Payable
£24,994.30
Annual Fixed Interest Rate
6.27%
Representative APR
11.90%