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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£5,950.00
Total Deposit
£892.50
Total Amount of Credit
£932.42
First Payment
£124.79
46 Monthly Payments
£124.79
Final Payment
£124.79
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£932.42
Total Amount Payable
£6,882.42
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%
Product
Hire Purchase
Cash Price
£5,950.00
Total Deposit
£892.50
Total Amount of Credit
£932.42
First Payment
£124.79
46 Monthly Payments
£124.79
Final Payment
£124.79
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£932.42
Total Amount Payable
£6,882.42
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%
Product
Hire Purchase
Cash Price
£5,950.00
Total Deposit
£892.50
Total Amount of Credit
£932.42
First Payment
£124.79
46 Monthly Payments
£124.79
Final Payment
£124.79
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£932.42
Total Amount Payable
£6,882.42
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%