Typical Representative Finance Example
| Product Hire Purchase | Cash Price £10,995.00 |
| Total Deposit £1,099.50 | Total Amount of Credit £9,895.50 |
| First Payment £221.08 | 58 Monthly Payments £221.08 |
| Final Payment £222.08 | Agreement Duration 60 months |
| Admin Fee £0.00 | Option to Purchase Fee £1.00 |
| Interest Charges £3,370.30 | Total Amount Payable £14,365.30 |
| Annual Fixed Interest Rate 6.81% | Representative APR 12.90% |
| Product Hire Purchase | Cash Price £10,995.00 | Total Deposit £1,099.50 | Total Amount of Credit £9,895.50 | First Payment £221.08 |
| 58 Monthly Payments £221.08 | Final Payment £222.08 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 |
| Interest Charges £3,370.30 | Total Amount Payable £14,365.30 | Annual Fixed Interest Rate 6.81% | Representative APR 12.90% |
| Product Hire Purchase | Cash Price £10,995.00 | Total Deposit £1,099.50 | Total Amount of Credit £9,895.50 | First Payment £221.08 | 58 Monthly Payments £221.08 | Final Payment £222.08 |
| Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 | Interest Charges £3,370.30 | Total Amount Payable £14,365.30 | Annual Fixed Interest Rate 6.81% | Representative APR 12.90% |