| Deposit | Balance | Fees | Total Payable | Term | Fixed Rate | Representative APR | 1st Payment | Monthly Payment | Final Payment | |
|---|---|---|---|---|---|---|---|---|---|---|
| HP | £1080.00 | £9720.00 | £298.00 | £13625.20 | 48 mths | 6.50% | 12.9% | £404.15 | £255.15 p/m* x 46 | £404.15 |
| Hire Purchase | |
|---|---|
| Deposit | £1080.00 |
| Balance | £9720.00 |
| Fees | £298.00 |
| Total Payable | £13625.20 |
| Term | 48 mths |
| Fixed Rate | 6.50% |
| Representative APR | 12.9% |
| 1st Payment | £404.15 |
| Monthly Payment | £255.15 p/m* x 46 |
| Final Payment | £404.15 |
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Representative Example
Product
HP
Cash Price
£9,720.00
Deposit
£1,080.00
Total Amount Payable
£12,545.20
Fixed Rate
6.50%
Duration of Agreement
48
Initial Payment
£404.15
Monthly Payment
£255.15 x 46
Final Payment
£404.15
APR Representative
12.9%
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