Representative Example for Hire Purchase (HP): Cash price £16,495.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £16,495.00, deposit of £0.00, an initial payment of £346.45, followed by 58 monthly payments of £346.45 with a final payment of £356.45, total amount payable is £20,797.00