Typical Representative Finance Example
Product Hire Purchase | Cash Price £10,500.00 |
Total Deposit £1,050.00 | Total Amount of Credit £5,562.00 |
First Payment £250.20 | 58 Monthly Payments £250.20 |
Final Payment £250.20 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £0.00 |
Interest Charges £5,562.00 | Total Amount Payable £16,062.00 |
Annual Fixed Interest Rate 11.77% | Representative APR 21.90% |
Product Hire Purchase | Cash Price £10,500.00 | Total Deposit £1,050.00 | Total Amount of Credit £5,562.00 | First Payment £250.20 |
58 Monthly Payments £250.20 | Final Payment £250.20 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £0.00 |
Interest Charges £5,562.00 | Total Amount Payable £16,062.00 | Annual Fixed Interest Rate 11.77% | Representative APR 21.90% |
Product Hire Purchase | Cash Price £10,500.00 | Total Deposit £1,050.00 | Total Amount of Credit £5,562.00 | First Payment £250.20 | 58 Monthly Payments £250.20 | Final Payment £250.20 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £0.00 | Interest Charges £5,562.00 | Total Amount Payable £16,062.00 | Annual Fixed Interest Rate 11.77% | Representative APR 21.90% |