Hire Purchase (HP) Finance Example: Cash Price £6,995.00.
Total Deposit £3,497.50.
Total Amount of Credit £3,497.50.
First Payment of £83.15,
Followed by 58 Payments of £83.15,
with a Final Payment of £83.15.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £1,491.50.
Total Amount Payable £8,486.50
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.