Deposit | Balance | Fees | Total Payable | Term | Fixed Rate | Representative APR | 1st Payment | Monthly Payment | Final Payment | |
---|---|---|---|---|---|---|---|---|---|---|
HP | £1450.00 | £13045.00 | £298.00 | £18184.70 | 48 mths | 6.50% | 12.6% | £491.43 | £342.43 p/m* x 46 | £491.43 |
Hire Purchase | |
---|---|
Deposit | £1450.00 |
Balance | £13045.00 |
Fees | £298.00 |
Total Payable | £18184.70 |
Term | 48 mths |
Fixed Rate | 6.50% |
Representative APR | 12.6% |
1st Payment | £491.43 |
Monthly Payment | £342.43 p/m* x 46 |
Final Payment | £491.43 |
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Representative Example
Product
HP
Cash Price
£13,045.00
Deposit
£1,450.00
Total Amount Payable
£16,734.70
Fixed Rate
6.50%
Duration of Agreement
48
Initial Payment
£491.43
Monthly Payment
£342.43 x 46
Final Payment
£491.43
APR Representative
12.6%
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