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Typical Representative Finance Example
Product
Personal Contract Purchase
Cash Price
£19,495.00
Total Deposit
£1,949.50
Total Amount of Credit
£17,545.50
First Payment
£267.48
46 Monthly Payments
£267.48
Final Payment
£9,699.00
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,725.06
Total Amount Payable
£24,220.06
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%
Product
Personal Contract Purchase
Cash Price
£19,495.00
Total Deposit
£1,949.50
Total Amount of Credit
£17,545.50
First Payment
£267.48
46 Monthly Payments
£267.48
Final Payment
£9,699.00
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,725.06
Total Amount Payable
£24,220.06
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%
Product
Personal Contract Purchase
Cash Price
£19,495.00
Total Deposit
£1,949.50
Total Amount of Credit
£17,545.50
First Payment
£267.48
46 Monthly Payments
£267.48
Final Payment
£9,699.00
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,725.06
Total Amount Payable
£24,220.06
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%

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