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Typical Representative Finance Example
Product
Hire Purchase		Cash Price
£2,294.00
Total Deposit
£229.40		Total Amount of Credit
£2,064.60
First Payment
£41.48		58 Monthly Payments
£41.48
Final Payment
£42.48		Agreement Duration
60 months
Admin Fee
£0.00		Option to Purchase Fee
£1.00
Interest Charges
£425.20		Total Amount Payable
£2,719.20
Annual Fixed Interest Rate
4.11%		Representative APR
7.90%
Product
Hire Purchase		Cash Price
£2,294.00		Total Deposit
£229.40		Total Amount of Credit
£2,064.60		First Payment
£41.48
58 Monthly Payments
£41.48		Final Payment
£42.48		Agreement Duration
60 months		Admin Fee
£0.00		Option to Purchase Fee
£1.00
Interest Charges
£425.20		Total Amount Payable
£2,719.20		Annual Fixed Interest Rate
4.11%		Representative APR
7.90%
Product
Hire Purchase		Cash Price
£2,294.00		Total Deposit
£229.40		Total Amount of Credit
£2,064.60		First Payment
£41.48		58 Monthly Payments
£41.48		Final Payment
£42.48
Agreement Duration
60 months		Admin Fee
£0.00		Option to Purchase Fee
£1.00		Interest Charges
£425.20		Total Amount Payable
£2,719.20		Annual Fixed Interest Rate
4.11%		Representative APR
7.90%