Hire Purchase (HP) representative example
On the road price of £15,500, with a £3,100 customer deposit, borrowing £12,400 at a representative APR of 11.90%
- 47 monthly payments of£322.11
- Final payment£332.11
- Total amount payable£18,571.28
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%


