Hire Purchase (HP) Finance Example: Cash Price £4,495.00.
Total Deposit £2,247.50.
Total Amount of Credit £2,247.50.
First Payment of £56.06,
Followed by 58 Payments of £56.06,
with a Final Payment of £56.06.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £1,116.10.
Total Amount Payable £5,611.10
Annual Fixed Interest Rate of 6.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.