Representative Example
Hire Purchase (HP) Finance Example: Cash Price £55,000.00.
Total Deposit £27,500.00.
Total Amount of Credit £27,500.00.
First Payment of £603.20,
Followed by 58 Payments of £603.20,
with a Final Payment of £603.20.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £8,692.00.
Total Amount Payable £63,692.00
Annual Fixed Interest Rate of 6.0%.
APR 12.0%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.