Finance

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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£11,896.00
Total Deposit
£1,189.60
Total Amount of Credit
£10,706.40
First Payment
£327.01
36 Monthly Payments
£327.01
Final Payment
£337.01
Agreement Duration
38 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£1,729.98
Total Amount Payable
£13,625.98
Annual Fixed Interest Rate
9.85%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£11,896.00
Total Deposit
£1,189.60
Total Amount of Credit
£10,706.40
First Payment
£327.01
36 Monthly Payments
£327.01
Final Payment
£337.01
Agreement Duration
38 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£1,729.98
Total Amount Payable
£13,625.98
Annual Fixed Interest Rate
9.85%
Representative APR
9.90%
Product
Hire Purchase
Cash Price
£11,896.00
Total Deposit
£1,189.60
Total Amount of Credit
£10,706.40
First Payment
£327.01
36 Monthly Payments
£327.01
Final Payment
£337.01
Agreement Duration
38 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£1,729.98
Total Amount Payable
£13,625.98
Annual Fixed Interest Rate
9.85%
Representative APR
9.90%