Representative Example for Hire Purchase (HP): Cash price £12,995.00, Annual Interest Rate (fixed) 6.26% p.a., with a representative 11.9% APR, total amount of credit £12,995.00, deposit of £0.00, an initial payment of £284.34, followed by 58 monthly payments of £284.34 with a final payment of £294.34, total amount payable is £17,070.40
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