Representative Example
Hire Purchase (HP) Finance Example: Cash Price £6,995.00.
Total Deposit £3,497.50.
Total Amount of Credit £3,497.50.
First Payment of £83.36,
Followed by 58 Payments of £83.36,
with a Final Payment of £83.36.
Duration of Agreement is 60 Months.
Fees of £350.00 are included in the payments shown.
Interest Charges of £1,504.10.
Total Amount Payable £8,499.10
Annual Fixed Interest Rate of 6.0%.
APR 16.2%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.