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Hire Purchase (HP) Representative Example

Example vehicle: Peugeot 108 1.2 Collection. Cash price: £7,290.00. Customer deposit: £1,000.00. Total amount of credit: £6,290.00. Credit rated as: Excellent. 1 payment of £0.00, followed by 59 payments of £144.94 and 1 final payment of £145.94. Fees of £1.00 are included in the payments shown. Interest charges of £2,406.40.Total amount payable: £9,697.40. Flat rate: 7.53% (fixed). Representative APR: 13.90%. Duration of agreement: 61 months.


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