Representative Example for Hire Purchase (HP): Cash price £7,999.00, Annual Interest Rate (fixed) 5.5% p.a., with a representative 12.8% APR, total amount of credit £7,200.00, deposit of £799.00, an initial payment of £160.44, followed by 58 monthly payments of £160.44 with a final payment of £160.44, total amount payable is £10,425.40
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