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Typical Representative Finance Example
Product
Hire Purchase		Cash Price
£3,995.00
Total Deposit
£0.00		Total Amount of Credit
£3,995.00
First Payment
£83.86		58 Monthly Payments
£83.86
Final Payment
£84.86		Agreement Duration
60 months
Admin Fee
£0.00		Option to Purchase Fee
£1.00
Interest Charges
£1,037.60		Total Amount Payable
£5,032.60
Annual Fixed Interest Rate
5.19%		Representative APR
9.90%
Product
Hire Purchase		Cash Price
£3,995.00		Total Deposit
£0.00		Total Amount of Credit
£3,995.00		First Payment
£83.86
58 Monthly Payments
£83.86		Final Payment
£84.86		Agreement Duration
60 months		Admin Fee
£0.00		Option to Purchase Fee
£1.00
Interest Charges
£1,037.60		Total Amount Payable
£5,032.60		Annual Fixed Interest Rate
5.19%		Representative APR
9.90%
Product
Hire Purchase		Cash Price
£3,995.00		Total Deposit
£0.00		Total Amount of Credit
£3,995.00		First Payment
£83.86		58 Monthly Payments
£83.86		Final Payment
£84.86
Agreement Duration
60 months		Admin Fee
£0.00		Option to Purchase Fee
£1.00		Interest Charges
£1,037.60		Total Amount Payable
£5,032.60		Annual Fixed Interest Rate
5.19%		Representative APR
9.90%