Representative Example
Hire Purchase (HP) Finance Example: Cash Price £44,995.83.
Total Deposit £22,497.92.
Total Amount of Credit £22,497.91.
First Payment of £494.82,
Followed by 58 Payments of £494.82,
with a Final Payment of £494.82.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £7,191.29.
Total Amount Payable £52,187.12
Annual Fixed Interest Rate of 6.0%.
APR 12.1%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.