Hire Purchase (HP) representative example
On the road price of £8,500, with a £1,700 customer deposit, borrowing £6,800 at a representative APR of 11.90%
- 47 monthly payments of£176.56
- Final payment£186.56
- Total amount payable£10,184.88
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
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