Hire Purchase (HP) representative example
On the road price of £9,750, with a £1,950 customer deposit, borrowing £7,800 at a representative APR of 11.90%
- 47 monthly payments of£202.55
- Final payment£212.55
- Total amount payable£11,682.40
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
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