Representative Example
Hire Purchase: Payable by 48 payments of £285.20. Payments are based on a duration of agreement of 48 months, a Cash Price OTR of £11,990.00 with a deposit of £1,199.00 leaving an amount of credit of £10,791.00.
The agreement is calculated using a fixed rate of interest of 12.16% per year resulting in Representative 12.9% APR and a total amount payable of £14,888.60.
Included in the payments shown is an option to purchase fee of £10.00.