Representative Example for Hire Purchase (HP)
Vehicle price £15,999. Borrowing £13,999 with a £2,000 deposit at a representative APR of 9.9%. We are a Credit Broker and Not a Lender. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) this will not affect the rate you are offered or the amount you will pay back.
Vehicle price £15,999. Borrowing £13,999 with a £2,000 deposit at a representative APR of 9.9%. We are a Credit Broker and Not a Lender. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) this will not affect the rate you are offered or the amount you will pay back.
Cash Price
£16,450.00
Deposit
£1,645.00
Total Amount of Credit
£14,805.00
Monthly Payments
£311.50
Representative APR
9.9% APR
Annual Interest Rate (fixed)
5.3–5.6% p.a.
Term
60 months
Total Amount Payable
£20,335.00
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