Hire Purchase (HP) representative example
On the road price of £25,000, with a £5,000 customer deposit, borrowing £20,000 at a representative APR of 11.90%
- 47 monthly payments of£519.63
- Final payment£529.63
- Total amount payable£29,952.24
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%


