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Hire Purchase Finance Representative Example

Cash Price £10,995.00. Total Deposit £2,199.00. Total Amount of Credit £8,796.00. First Payment of £190.20, Followed by 58 Payments of £190.20, with a Final Payment of £191.20.Duration of Agreement is 61 Months. Option to Purchase Fee £1.00.Fees are included in the payments shown. Interest Charges of £2,616.00. Total Amount Payable £13,612.00.Annual Fixed Interest Rate of 5.85%. Representative APR 10.9%.

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