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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%