Representative Example
Hire Purchase: Payable by 59 payments of £428.07 and a final payment of £429.07. Payments are based on a duration of the agreement of 61 months, a Cash Price OTR of £21,995.00 with a deposit of £2199.50 leaving an amount of credit of £19,795.50. The agreement is calculated using a fixed rate on interest of 5.85% per year resulting in Representative 10.9% APR and a total amount payable of £27884.70. Included in the final payment shown is an option to purchase fee of £1.00. Included in the first payment shown is an administration fee of £0.00.