Hire Purchase (HP) Finance Example: Cash Price £12,495.00.
Total Deposit £6,247.50.
Total Amount of Credit £6,247.50.
First Payment of £142.73,
Followed by 58 Payments of £142.73,
with a Final Payment of £142.73.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £2,316.30.
Total Amount Payable £14,811.30
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.