Hire Purchase (HP) representative example
On the road price of £8,000, with a £1,600 customer deposit, borrowing £6,400 at a representative APR of 11.90%
- 47 monthly payments of£166.17
- Final payment£176.17
- Total amount payable£9,586.16
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
