Typical Representative Finance Example
| Product Hire Purchase | Cash Price £12,000.00 |
| Total Deposit £1,200.00 | Total Amount of Credit £10,800.00 |
| First Payment £231.54 | 58 Monthly Payments £231.54 |
| Final Payment £232.54 | Agreement Duration 60 months |
| Admin Fee £0.00 | Option to Purchase Fee £1.00 |
| Interest Charges £3,093.40 | Total Amount Payable £15,093.40 |
| Annual Fixed Interest Rate 5.73% | Representative APR 10.90% |
| Product Hire Purchase | Cash Price £12,000.00 | Total Deposit £1,200.00 | Total Amount of Credit £10,800.00 | First Payment £231.54 |
| 58 Monthly Payments £231.54 | Final Payment £232.54 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 |
| Interest Charges £3,093.40 | Total Amount Payable £15,093.40 | Annual Fixed Interest Rate 5.73% | Representative APR 10.90% |
| Product Hire Purchase | Cash Price £12,000.00 | Total Deposit £1,200.00 | Total Amount of Credit £10,800.00 | First Payment £231.54 | 58 Monthly Payments £231.54 | Final Payment £232.54 |
| Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 | Interest Charges £3,093.40 | Total Amount Payable £15,093.40 | Annual Fixed Interest Rate 5.73% | Representative APR 10.90% |