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Representative Example

Hire Purchase HP: Payable by an initial payment of £697.56 followed by 34 Payments of £697.56 and a final payment of £707.56. Payments are based on a duration of agreement of 36 months, a Cash Price OTR of £22,950.00 with a deposit of £2,000.00 leaving an amount of credit of £20,950.00. The agreement is calculated using a fixed rate of interest of 12.17% per year resulting in Representative 12.9%APR and a total amount payable of £27,122.16. Included in the first payment shown is a fee of £0.00.Included in the final payment shown is a fee of £10.00.
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