Representative Example for Hire Purchase (HP): Cash price £8,450.00, Annual Interest Rate (fixed) 6.5% p.a., with a representative 14.5% APR, total amount of credit £7,605.00, deposit of £845.00, an initial payment of £175.45, followed by 58 monthly payments of £175.45 with a final payment of £185.45, total amount payable is £11,382.00
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