Hire Purchase (HP) Finance Example: Cash Price £7,625.00.
Total Deposit £3,812.50.
Total Amount of Credit £3,812.50.
First Payment of £89.97,
Followed by 58 Payments of £89.97,
with a Final Payment of £89.97.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £1,585.70.
Total Amount Payable £9,210.70
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.