Hire Purchase (HP) representative example
On the road price of £7,500, with a £1,500 customer deposit, borrowing £6,000 at a representative APR of 11.90%
- 47 monthly payments of£155.77
- Final payment£165.77
- Total amount payable£8,986.96
- Annual mileage6,000
- Option to purchase fee£10.00
- Rate of interest11.90%
