Representative Example
Hire Purchase (HP) Finance Example: Cash Price £10,499.00.
Total Deposit £5,249.50.
Total Amount of Credit £5,249.50.
First Payment of £121.11,
Followed by 58 Payments of £121.11,
with a Final Payment of £121.11.
Duration of Agreement is 60 Months.
Fees of £340.00 are included in the payments shown.
Interest Charges of £2,017.10.
Total Amount Payable £12,516.10
Annual Fixed Interest Rate of 6.0%.
APR 14.5%.
Finance is provided by Close Brothers Motor Finance, 10 Crown Place, London EC2A 4FT.