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Product: Hire Purchase | Cash Price: £9,450 | Total Deposit: £945 | Total Amount of Credit: £8,505 | First Payment: £209.86 | 46 Monthly Payments: £209.86 | Final Payment: £209.86 | Agreement Duration: 48 months | Admin Fee: £0 | Option to Purchase Fee: £0 | Interest Charges: £1,568.28 | Total Amount Payable: £11,018.28 | Annual Fixed Interest Rate: 4.61% | Representative APR: 8.90%
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Typical Representative Finance Example
Product: Personal Contract Purchase | Cash Price: £13,395 | Total Deposit: £1,339.50 | Total Amount of Credit: £12,055.50 | First Payment: £215.16 | 47 Monthly Payments: £215.16 | Final Payment: £4,726 | Agreement Duration: 49 months | Admin Fee: £0 | Option to Purchase Fee: £1 | Interest Charges: £2,998.18 | Total Amount Payable: £16,393.18 | Annual Fixed Interest Rate: 4.61% | Representative APR: 8.90%
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