Representative Example
Hire Purchase (HP) Finance Example: Cash Price £46,000.00.
Total Deposit £23,000.00.
Total Amount of Credit £23,000.00.
First Payment of £505.70,
Followed by 58 Payments of £505.70,
with a Final Payment of £505.70.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £7,342.00.
Total Amount Payable £53,342.00
Annual Fixed Interest Rate of 6.0%.
APR 12.1%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.