Representative Hire Purchase Example
Cash Price: £4,995. Total Deposit: £499.50. Total Amount of Credit: £4,495.50. First Payment: £94.35, 58 Monthly Payments: £94.35, Final Payment: £95.35. Agreement Duration: 60 Months. Admin Fee: £0.00. Option to Purchase Fee: £1.00. Interest Charges: £1,166.50. Total Amount Payable: £6,161.50. Annual Fixed Interest Rate: 9.90%. Representative APR: 9.9%.
Cash Price: £4,995. Total Deposit: £499.50. Total Amount of Credit: £4,495.50. First Payment: £94.35, 58 Monthly Payments: £94.35, Final Payment: £95.35. Agreement Duration: 60 Months. Admin Fee: £0.00. Option to Purchase Fee: £1.00. Interest Charges: £1,166.50. Total Amount Payable: £6,161.50. Annual Fixed Interest Rate: 9.90%. Representative APR: 9.9%.
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