Hire Purchase (HP) Finance Example: Cash Price £7,495.00.
Total Deposit £3,747.50.
Total Amount of Credit £3,747.50.
First Payment of £88.78,
Followed by 58 Payments of £88.78,
with a Final Payment of £88.78.
Duration of Agreement is 60 Months.
Fees of £350.00 are included in the payments shown.
Interest Charges of £1,579.30.
Total Amount Payable £9,074.30
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.