Hire Purchase (HP) Finance Example: Cash Price £10,495.00.
Total Deposit £5,247.50.
Total Amount of Credit £5,247.50.
First Payment of £121.06,
Followed by 58 Payments of £121.06,
with a Final Payment of £121.06.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £2,016.10.
Total Amount Payable £12,511.10
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.