Representative Example for Hire Purchase (HP): Cash price £16,600.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £16,600.00, deposit of £0.00, an initial payment of £348.66, followed by 58 monthly payments of £348.66 with a final payment of £358.66, total amount payable is £20,929.60
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