Representative Example for Hire Purchase (HP): Cash price £15,960.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £15,960.00, deposit of £0.00, an initial payment of £335.22, followed by 58 monthly payments of £335.22 with a final payment of £345.22, total amount payable is £20,123.20