Representative Example
Hire Purchase (HP) Finance Example: Cash Price £8,650.00.
Total Deposit £4,325.00.
Total Amount of Credit £4,325.00.
First Payment of £101.29,
Followed by 58 Payments of £101.29,
with a Final Payment of £101.29.
Duration of Agreement is 60 Months.
Fees of £350.00 are included in the payments shown.
Interest Charges of £1,752.40.
Total Amount Payable £10,402.40
Annual Fixed Interest Rate of 6.0%.
APR 15.3%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.