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Typical Representative Finance Example
Product Hire Purchase | Cash Price £39,350.00 |
Total Deposit £3,935.00 | Total Amount of Credit £35,415.00 |
First Payment £759.36 | 58 Monthly Payments £759.36 |
Final Payment £760.36 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £1.00 |
Interest Charges £10,147.60 | Total Amount Payable £49,497.60 |
Annual Fixed Interest Rate 5.73% | Representative APR 10.90% |
Product Hire Purchase | Cash Price £39,350.00 | Total Deposit £3,935.00 | Total Amount of Credit £35,415.00 | First Payment £759.36 |
58 Monthly Payments £759.36 | Final Payment £760.36 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 |
Interest Charges £10,147.60 | Total Amount Payable £49,497.60 | Annual Fixed Interest Rate 5.73% | Representative APR 10.90% |
Product Hire Purchase | Cash Price £39,350.00 | Total Deposit £3,935.00 | Total Amount of Credit £35,415.00 | First Payment £759.36 | 58 Monthly Payments £759.36 | Final Payment £760.36 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 | Interest Charges £10,147.60 | Total Amount Payable £49,497.60 | Annual Fixed Interest Rate 5.73% | Representative APR 10.90% |