Hire Purchase (HP) Finance Example: Cash Price £54,995.00.
Total Deposit £27,497.50.
Total Amount of Credit £27,497.50.
First Payment of £603.15,
Followed by 58 Payments of £603.15,
with a Final Payment of £603.15.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £8,691.50.
Total Amount Payable £63,686.50
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.