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Representative Finance Example
Product
Hire Purchase
Cash Price
£3,099.00
Total Deposit
£99.00
Total Amount of Credit
£3,000.00
First Payment
£97.33
34 Monthly Payments
£97.33
Final Payment
£98.33
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£504.88
Total Amount Payable
£3,603.88
Annual Fixed Interest Rate
5.60%
Representative APR
10.90%
Product
Hire Purchase
Cash Price
£3,099.00
Total Deposit
£99.00
Total Amount of Credit
£3,000.00
First Payment
£97.33
34 Monthly Payments
£97.33
Final Payment
£98.33
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£504.88
Total Amount Payable
£3,603.88
Annual Fixed Interest Rate
5.60%
Representative APR
10.90%
Product
Hire Purchase
Cash Price
£3,099.00
Total Deposit
£99.00
Total Amount of Credit
£3,000.00
First Payment
£97.33
34 Monthly Payments
£97.33
Final Payment
£98.33
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£504.88
Total Amount Payable
£3,603.88
Annual Fixed Interest Rate
5.60%
Representative APR
10.90%