Representative Example
Hire Purchase (HP) Finance Example: Cash Price £2,999.00.
Total Deposit £1,499.50.
Total Amount of Credit £1,499.50.
First Payment of £39.86,
Followed by 58 Payments of £39.86,
with a Final Payment of £39.86.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £892.10.
Total Amount Payable £3,891.10
Annual Fixed Interest Rate of 6.0%.
APR 22.1%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.