Representative Example
Hire Purchase (HP) Finance Example: Cash Price £4,995.00.
Total Deposit £2,497.50.
Total Amount of Credit £2,497.50.
First Payment of £61.70,
Followed by 58 Payments of £61.70,
with a Final Payment of £61.70.
Duration of Agreement is 60 Months.
Fees of £350.00 are included in the payments shown.
Interest Charges of £1,204.50.
Total Amount Payable £6,199.50
Annual Fixed Interest Rate of 6.0%.
APR 18.1%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.