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Representative example
Representative 19.9% APR
A complete example for a Hire Purchase (HP) agreement. Your rate and payments may differ because they depend on your circumstances and the provider's assessment.
- Agreement type
- Hire Purchase (HP)
- Cash price
- £12,000.00
- Deposit
- £0.00
- Amount of credit
- £12,000.00
- Interest rate
- 18.29% p.a. fixed
- Duration
- 60 months
- Repayments
- 60 monthly payments
- Each repayment
- £306.60
- Other charges
- £0.00
- Total charge for credit
- £6,396.00
- Total amount payable
- £18,396.00
- Representative APR
- 19.9% APR
The vehicle may be used as security and could be repossessed if you do not keep up repayments. Finance is subject to status, affordability and provider criteria. There are no additional charges in this example. We are a credit broker, not a lender.