Finance representative example Hire Purchase: Payable by 36 payments of £221.88 Payments are based on a duration of agreement of 36 Months, 10000 miles per annum, a Cash Price OTR of £7,495.00 with a deposit of £1,000.00 leaving an amount of credit of £6,495.00. The agreement is calculated using a fixed rate of interest of 7.66% per year resulting in Representative 14.9% APR and a total amount payable of £8,987.68
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