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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%