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Hire Purchase (HP) Representative Example

Example vehicle: Fiat Panda 1.2 Easy. Cash price: £4,790.00. Customer deposit: £0.00. Total amount of credit: £4,790.00. Credit rated as: Excellent. 1 payment of £0.00, followed by 59 payments of £112.67 and 1 final payment of £113.67. Fees of £1.00 are included in the payments shown. Interest charges of £1,970.20.Total amount payable: £6,761.20. Flat rate: 8.09% (fixed). Representative APR: 14.90%. Duration of agreement: 61 months.

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