Hire Purchase (HP) representative example
On the road price of £9,000, with a £1,800 customer deposit, borrowing £7,200 at a representative APR of 11.90%
- 47 monthly payments of£186.96
- Final payment£196.96
- Total amount payable£10,784.08
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
