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Typical Representative Finance Example
Product
Personal Contract Purchase
Cash Price
£18,950.00
Total Deposit
£2,842.50
Total Amount of Credit
£16,107.50
First Payment
£273.10
47 Monthly Payments
£273.10
Final Payment
£7,693.28
Agreement Duration
49 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,694.58
Total Amount Payable
£23,644.58
Annual Fixed Interest Rate
4.86%
Representative APR
9.90%
Product
Personal Contract Purchase
Cash Price
£18,950.00
Total Deposit
£2,842.50
Total Amount of Credit
£16,107.50
First Payment
£273.10
47 Monthly Payments
£273.10
Final Payment
£7,693.28
Agreement Duration
49 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,694.58
Total Amount Payable
£23,644.58
Annual Fixed Interest Rate
4.86%
Representative APR
9.90%
Product
Personal Contract Purchase
Cash Price
£18,950.00
Total Deposit
£2,842.50
Total Amount of Credit
£16,107.50
First Payment
£273.10
47 Monthly Payments
£273.10
Final Payment
£7,693.28
Agreement Duration
49 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£4,694.58
Total Amount Payable
£23,644.58
Annual Fixed Interest Rate
4.86%
Representative APR
9.90%