Typical Representative Finance Example
Product Hire Purchase | Cash Price £6,700.00 |
Total Deposit £670.00 | Total Amount of Credit £6,030.00 |
First Payment £137.43 | 58 Monthly Payments £137.43 |
Final Payment £138.43 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £1.00 |
Interest Charges £2,216.80 | Total Amount Payable £8,916.80 |
Annual Fixed Interest Rate 7.35% | Representative APR 13.90% |
Product Hire Purchase | Cash Price £6,700.00 | Total Deposit £670.00 | Total Amount of Credit £6,030.00 | First Payment £137.43 |
58 Monthly Payments £137.43 | Final Payment £138.43 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 |
Interest Charges £2,216.80 | Total Amount Payable £8,916.80 | Annual Fixed Interest Rate 7.35% | Representative APR 13.90% |
Product Hire Purchase | Cash Price £6,700.00 | Total Deposit £670.00 | Total Amount of Credit £6,030.00 | First Payment £137.43 | 58 Monthly Payments £137.43 | Final Payment £138.43 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 | Interest Charges £2,216.80 | Total Amount Payable £8,916.80 | Annual Fixed Interest Rate 7.35% | Representative APR 13.90% |