Representative Example
Hire Purchase: Payable by 58 payments of £151.72. Payments are based on a duration of agreement of 60 months, a Cash Price OTR of £7,495.00 with a deposit of £749.50 leaving an amount of credit of £6,745.50. The agreement is calculated using a fixed rate of interest of 6.99% per year resulting in Representative 13.9% A.P.R. and a total amount payable of £10,012.70