Hire Purchase (HP) Finance Example: Cash Price £11,495.00.
Total Deposit £5,747.50.
Total Amount of Credit £5,747.50.
First Payment of £131.90,
Followed by 58 Payments of £131.90,
with a Final Payment of £131.90.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £2,166.50.
Total Amount Payable £13,661.50
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.