Finance Representative Example
Hire Purchase: Payable by 48 payments of £528.55. Payments are based on a duration of agreement of 48 months, a Cash Price OTR of £22,985 with a deposit of £2,298.50 leaving an amount of credit of £20,686.50. The agreement is calculated using a fixed rate of interest of 10.9% per year resulting in Representative 10.9% APR and a total amount payable of £27,669.
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