Representative Example for Hire Purchase (HP): Cash price £22,450.00, Annual Interest Rate (fixed) 4.65% p.a., with a representative 8.9% APR, total amount of credit £20,205.00, deposit of £2,245.00, an initial payment of £415.04, followed by 58 monthly payments of £415.04 with a final payment of £416.04, total amount payable is £27,148.40
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