Representative Example for Hire Purchase (HP): Cash price £8,599.00, Annual Interest Rate (fixed) 5.5% p.a., with a representative 12.6% APR, total amount of credit £7,740.00, deposit of £859.00, an initial payment of £171.91, followed by 58 monthly payments of £171.91 with a final payment of £171.91, total amount payable is £11,173.60
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