Hire Purchase (HP) representative example
On the road price of £11,000, with a £2,200 customer deposit, borrowing £8,800 at a representative APR of 11.90%
- 47 monthly payments of£228.54
- Final payment£238.54
- Total amount payable£13,179.92
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
