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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%