Typical Representative Finance Example
| Product Hire Purchase - Business | Cash Price £1,849.00 |
| Total Deposit £10.00 | Total Amount of Credit £1,839.00 |
| First Payment £40.24 | 58 Monthly Payments £40.24 |
| Final Payment £41.24 | Agreement Duration 60 months |
| Admin Fee £0.00 | Option to Purchase Fee £1.00 |
| Interest Charges £576.40 | Total Amount Payable £2,425.40 |
| Annual Fixed Interest Rate 6.26% | Representative APR 11.90% |
| Product Hire Purchase - Business | Cash Price £1,849.00 | Total Deposit £10.00 | Total Amount of Credit £1,839.00 | First Payment £40.24 |
| 58 Monthly Payments £40.24 | Final Payment £41.24 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 |
| Interest Charges £576.40 | Total Amount Payable £2,425.40 | Annual Fixed Interest Rate 6.26% | Representative APR 11.90% |
| Product Hire Purchase - Business | Cash Price £1,849.00 | Total Deposit £10.00 | Total Amount of Credit £1,839.00 | First Payment £40.24 | 58 Monthly Payments £40.24 | Final Payment £41.24 |
| Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £1.00 | Interest Charges £576.40 | Total Amount Payable £2,425.40 | Annual Fixed Interest Rate 6.26% | Representative APR 11.90% |