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% |