Hire Purchase (HP) representative example
On the road price of £12,500, with a £2,500 customer deposit, borrowing £10,000 at a representative APR of 11.90%
- 47 monthly payments of£259.73
- Final payment£269.73
- Total amount payable£14,977.04
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%

