Hire Purchase (HP) Finance Example: Cash Price £4,295.00.
Total Deposit £2,147.50.
Total Amount of Credit £2,147.50.
First Payment of £53.90,
Followed by 58 Payments of £53.90,
with a Final Payment of £53.90.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £1,086.50.
Total Amount Payable £5,381.50
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.