Hire Purchase (HP) representative example
On the road price of £13,500, with a £2,700 customer deposit, borrowing £10,800 at a representative APR of 11.90%
- 47 monthly payments of£280.52
- Final payment£290.52
- Total amount payable£16,174.96
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
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