Representative Example
Hire Purchase (HP) Finance Example: Cash Price £31,999.00.
Total Deposit £15,999.50.
Total Amount of Credit £15,999.50.
First Payment of £354.02,
Followed by 58 Payments of £354.02,
with a Final Payment of £354.02.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £5,241.70.
Total Amount Payable £37,240.70
Annual Fixed Interest Rate of 6.0%.
APR 12.4%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.