Hire Purchase (HP) Finance Example: Cash Price £20,500.00.
Total Deposit £10,250.00.
Total Amount of Credit £10,250.00.
First Payment of £229.45,
Followed by 58 Payments of £229.45,
with a Final Payment of £229.45.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £3,517.00.
Total Amount Payable £24,017.00
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.