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Hire Purchase Representative Example
Cash price | £11,999.00 |
Total Deposit | £1,000.00 |
Total amount of credit | £10,999.00 |
First payment | £0.00 |
Followed by 35 payments of | £373.40 |
Final payment | £532.40 |
Duration of agreement | 37 months |
First administration fee | £199.00 |
Final administration fee | £149.00 |
Option to purchase fee | £10.00 |
Interest charges of | £2,244.40 |
Total amount payable | £14,601.40 |
Annual Fixed Interest Rate of | 6.5% |
Representative APR | 14.3% |
Finance subject to status. Terms and conditions apply. Applicant must be 18 or over. Guarantees may be required. Finance is provided by MotoNovo Finance Limited. Registered in Wales under Company No 11556144. Registered Office: One Central Square, Cardiff, CF10 1FS. Authorised and regulated by the Financial Conduct Authority.