Representative Example for Hire Purchase (HP): Cash price £8,950.00, Annual Interest Rate (fixed) 6.5% p.a., with a representative 14.4% APR, total amount of credit £8,055.00, deposit of £895.00, an initial payment of £185.39, followed by 58 monthly payments of £185.39 with a final payment of £195.39, total amount payable is £12,028.40
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